Twenty-First Century Fox Inc Class A (FOXA) Given New $52.00 Price Target at Buckingham Research

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) had its price target lowered by Buckingham Research to $52.00 in a research note released on Tuesday, August 7th. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on FOXA. Credit Suisse Group began coverage on shares of Twenty-First Century Fox Inc Class A in a report on Tuesday, July 10th. They set an overweight rating and a $57.00 price target on the stock. Zacks Investment Research upgraded shares of Twenty-First Century Fox Inc Class A from a sell rating to a hold rating in a report on Tuesday, July 10th. B. Riley increased their price target on shares of Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, June 21st. ValuEngine upgraded shares of Twenty-First Century Fox Inc Class A from a buy rating to a strong-buy rating in a research report on Tuesday, June 26th. Finally, UBS Group downgraded shares of Twenty-First Century Fox Inc Class A from a buy rating to a neutral rating and set a $39.00 price objective on the stock. in a research report on Friday, July 20th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $44.00.

Shares of NASDAQ FOXA traded up $0.09 on Tuesday, reaching $45.40. 5,080,800 shares of the company’s stock traded hands, compared to its average volume of 11,471,912. Twenty-First Century Fox Inc Class A has a 12 month low of $24.81 and a 12 month high of $50.15. The company has a market capitalization of $83.77 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Twenty-First Century Fox Inc Class A had a net margin of 14.68% and a return on equity of 18.71%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. analysts forecast that Twenty-First Century Fox Inc Class A will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox Inc Class A’s payout ratio is currently 18.27%.

Several large investors have recently modified their holdings of FOXA. Dupont Capital Management Corp boosted its position in Twenty-First Century Fox Inc Class A by 22.4% in the 1st quarter. Dupont Capital Management Corp now owns 310,129 shares of the company’s stock valued at $11,379,000 after buying an additional 56,813 shares during the period. NuWave Investment Management LLC boosted its position in Twenty-First Century Fox Inc Class A by 67.9% in the 1st quarter. NuWave Investment Management LLC now owns 13,340 shares of the company’s stock valued at $485,000 after buying an additional 5,394 shares during the period. Dowling & Yahnke LLC boosted its position in Twenty-First Century Fox Inc Class A by 3.0% in the 1st quarter. Dowling & Yahnke LLC now owns 59,085 shares of the company’s stock valued at $2,168,000 after buying an additional 1,713 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Twenty-First Century Fox Inc Class A in the 1st quarter valued at about $285,000. Finally, Summit Securities Group LLC purchased a new stake in Twenty-First Century Fox Inc Class A in the 1st quarter valued at about $426,000. 54.09% of the stock is owned by institutional investors and hedge funds.

About Twenty-First Century Fox Inc Class A

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

Read More: Should you buy a closed-end mutual fund?

Analyst Recommendations for Twenty-First Century Fox Inc Class A (NASDAQ:FOXA)

Receive News & Ratings for Twenty-First Century Fox Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply