FOX (NASDAQ:FOXA - Get Free Report) had its price target boosted by analysts at Guggenheim from $55.00 to $60.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's price target suggests a potential upside of 13.66% from the company's previous close.
Other equities analysts have also issued reports about the company. Wells Fargo & Company boosted their price target on FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group upped their target price on FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. TD Cowen lifted their price target on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Finally, Loop Capital lifted their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $50.19.
View Our Latest Analysis on FOX
FOX Stock Performance
Shares of FOXA stock traded down $0.45 during trading hours on Wednesday, reaching $52.79. 2,976,688 shares of the company's stock were exchanged, compared to its average volume of 3,616,458. The business has a fifty day moving average price of $49.03 and a 200-day moving average price of $44.25. The stock has a market capitalization of $24.11 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.17 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. FOX has a fifty-two week low of $28.28 and a fifty-two week high of $55.56.
FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business's revenue was up 19.9% on a year-over-year basis. Analysts predict that FOX will post 4.38 EPS for the current fiscal year.
Insiders Place Their Bets
In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.
Institutional Investors Weigh In On FOX
Institutional investors have recently modified their holdings of the business. SRS Capital Advisors Inc. grew its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its holdings in FOX by 61.5% in 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 period. Brooklyn Investment Group boosted its position in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of FOX in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.
FOX Company Profile
(
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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