Fox Corporation (NASDAQ:FOXA – Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,535,099 shares traded hands during trading, a decline of 34% from the previous session’s volume of 3,830,029 shares.The stock last traded at $52.7820 and had previously closed at $54.76.
Key Stories Impacting FOX
Here are the key news stories impacting FOX this week:
- Positive Sentiment: Analysts lifted targets and fair-value estimates for Fox Corporation (FOXA), signaling improving sentiment after the recent weakness. Fox (FOXA) Stock Gets Fair Value Bump As Analysts Lift Targets
- Positive Sentiment: Fox’s planned $22 billion Roku acquisition could expand streaming reach, improve connected-TV ad scale, and strengthen Fox’s first-party audience data strategy. Fox Captures The Living Room With $22B Roku Buy
- Neutral Sentiment: Industry coverage is framing Fox’s Roku deal as a major shift in streaming strategy, but the market is still weighing whether the move creates long-term value or adds execution risk. How Roku fits into Fox’s future – and what investors are missing about the deal
- Negative Sentiment: Some analysts and media commentary argue the Roku purchase is a costly bet and question whether investors should trust the price tag, adding pressure to FOXA shares. Why Netflix or Disney Should Hijack Fox’s Roku Deal
Analyst Upgrades and Downgrades
A number of research firms have recently commented on FOXA. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $79.00 target price on shares of FOX in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on FOX from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Barclays lowered their price target on FOX from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday. UBS Group reissued a “neutral” rating on shares of FOX in a report on Monday. Finally, Bank of America lowered FOX from a “buy” rating to an “underperform” rating and set a $45.00 price target on the stock. in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.36.
FOX Stock Performance
The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. The stock has a market cap of $21.56 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.72 and a beta of 0.51. The stock’s 50-day moving average is $63.83 and its 200 day moving average is $64.93.
FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.30. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. The firm’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. As a group, analysts predict that Fox Corporation will post 4.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On FOX
A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in FOX by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,534,627 shares of the company’s stock valued at $476,248,000 after purchasing an additional 29,923 shares during the period. Ameriprise Financial Inc. lifted its position in FOX by 72.0% in the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock valued at $101,948,000 after purchasing an additional 762,645 shares during the period. Andra AP fonden lifted its position in FOX by 2.6% in the third quarter. Andra AP fonden now owns 944,500 shares of the company’s stock valued at $59,560,000 after purchasing an additional 23,700 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in FOX in the fourth quarter valued at about $67,467,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in FOX by 3.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 572,145 shares of the company’s stock valued at $41,807,000 after purchasing an additional 16,716 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.
About FOX
Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.
Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.
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