Evercore ISI Initiates Coverage on Twenty-First Century Fox (FOXA)

Evercore ISI initiated coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $52.00 price objective on the stock.

FOXA has been the topic of a number of other research reports. Zacks Investment Research lowered Twenty-First Century Fox from a hold rating to a sell rating in a report on Tuesday, October 9th. Credit Suisse Group started coverage on Twenty-First Century Fox in a report on Tuesday, July 10th. They issued an overweight rating and a $57.00 price objective on the stock. Morgan Stanley restated an overweight rating and issued a $53.00 price objective on shares of Twenty-First Century Fox in a report on Monday, October 15th. Cowen restated a hold rating and issued a $48.00 price objective on shares of Twenty-First Century Fox in a report on Wednesday, August 1st. Finally, Macquarie raised their price objective on Twenty-First Century Fox from $46.00 to $49.00 and gave the company a neutral rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $46.06.

Shares of NASDAQ FOXA opened at $47.84 on Monday. Twenty-First Century Fox has a 12 month low of $27.29 and a 12 month high of $50.15. The company has a market cap of $87.37 billion, a PE ratio of 24.28, a PEG ratio of 2.85 and a beta of 1.21. 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 (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The firm had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, analysts forecast that Twenty-First Century Fox will post 2 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its stake in shares of Twenty-First Century Fox by 72.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,180,148 shares of the company’s stock worth $101,007,000 after acquiring an additional 917,847 shares during the last quarter. Global Endowment Management LP increased its position in shares of Twenty-First Century Fox by 72.2% during the 3rd quarter. Global Endowment Management LP now owns 26,240 shares of the company’s stock worth $1,216,000 after purchasing an additional 11,000 shares during the last quarter. Rational Advisors LLC increased its position in shares of Twenty-First Century Fox by 351.8% during the 3rd quarter. Rational Advisors LLC now owns 3,063 shares of the company’s stock worth $142,000 after purchasing an additional 2,385 shares during the last quarter. AXA increased its position in shares of Twenty-First Century Fox by 0.7% during the 3rd quarter. AXA now owns 283,001 shares of the company’s stock worth $13,112,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Twenty-First Century Fox by 285.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 311,497 shares of the company’s stock worth $14,432,000 after purchasing an additional 230,664 shares during the last quarter. 53.99% of the stock is owned by institutional investors and hedge funds.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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