Phoenix New Media Ltd (FENG) Receives $9.05 Average PT from Brokerages

Shares of Phoenix New Media Ltd (NYSE:FENG) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.05.

A number of analysts have commented on FENG shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $10.00 price target on shares of Phoenix New Media in a research note on Wednesday, August 29th. ValuEngine upgraded shares of Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Macquarie increased their price target on shares of Phoenix New Media from $7.60 to $8.10 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research cut shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday.

Shares of FENG stock opened at $3.35 on Tuesday. The firm has a market capitalization of $256.81 million, a price-to-earnings ratio of 59.17 and a beta of 2.25. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.01. Phoenix New Media has a one year low of $3.35 and a one year high of $8.14.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Tuesday, August 14th. The information services provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $54.78 million during the quarter. Phoenix New Media had a net margin of 2.14% and a return on equity of 1.31%. As a group, equities research analysts predict that Phoenix New Media will post 0.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FENG. JPMorgan Chase & Co. lifted its stake in shares of Phoenix New Media by 741.9% during the 1st quarter. JPMorgan Chase & Co. now owns 27,133 shares of the information services provider’s stock worth $118,000 after buying an additional 23,910 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Phoenix New Media by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 242,005 shares of the information services provider’s stock worth $1,053,000 after buying an additional 18,641 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Phoenix New Media by 7.1% during the 1st quarter. BlackRock Inc. now owns 547,860 shares of the information services provider’s stock worth $2,383,000 after buying an additional 36,512 shares during the last quarter. Institutional investors own 15.33% of the company’s stock.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

Further Reading: Outstanding Shares

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