FOX (NASDAQ:FOXA - Get Free Report) had its price target boosted by investment analysts at Loop Capital from $62.00 to $64.00 in a research report issued on Tuesday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Loop Capital's price objective indicates a potential upside of 15.34% from the stock's current price.
FOXA has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and increased their target price for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Finally, Barclays lowered their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.71.
Get Our Latest Research Report on FOXA
FOX Stock Up 0.1%
Shares of FOX stock traded up $0.03 on Tuesday, reaching $55.49. The stock had a trading volume of 179,560 shares, compared to its average volume of 3,469,808. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average price of $51.27 and a 200 day moving average price of $50.19. The stock has a market capitalization of $25.16 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.27 and a beta of 0.51. FOX has a 1 year low of $32.45 and a 1 year high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $1.40 EPS. FOX's quarterly revenue was up 26.8% on a year-over-year basis. As a group, equities research analysts forecast that FOX will post 4.38 EPS for the current year.
Insider Transactions at FOX
In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.77% of the company's stock.
Hedge Funds Weigh In On FOX
A number of institutional investors have recently bought and sold shares of the stock. Greenleaf Trust increased its stake in FOX by 3.1% in the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock worth $384,000 after buying an additional 205 shares during the period. DnB Asset Management AS increased its stake in shares of FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after acquiring an additional 245 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of FOX by 55.2% in the 1st quarter. Allworth Financial LP now owns 787 shares of the company's stock valued at $45,000 after purchasing an additional 280 shares during the period. 52.52% of the stock is owned by institutional investors.
About FOX
(
Get Free Report)
Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.
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