FOX (NASDAQ:FOXA) Given New $45.00 Price Target at Barclays

FOX (NASDAQ:FOXA - Get Free Report) had its target price reduced by stock analysts at Barclays from $50.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential downside of 7.96% from the company's current price.

A number of other research analysts also recently weighed in on FOXA. StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. Bank of America upped their price objective on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and raised their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, Guggenheim reissued a "buy" rating and set a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $51.06.

FOX Stock Down 1.3 %

FOX stock traded down $0.63 during trading hours on Tuesday, hitting $48.89. The company had a trading volume of 4,433,430 shares, compared to its average volume of 3,366,300. FOX has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market capitalization of $22.17 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The firm's fifty day moving average is $53.98 and its 200-day moving average is $48.89.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. On average, research analysts forecast that FOX will post 4.38 earnings per share for the current year.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction 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. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Institutional Investors Weigh In On FOX

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthTrak Capital Management LLC bought a new stake in shares of FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. increased its position in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the fourth quarter worth about $28,000. Jones Financial Companies Lllp increased its holdings in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Company Profile

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.