Fox Corporation (NASDAQ:FOXA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Fox Corporation (NASDAQ:FOXA – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $73.5625.

FOXA has been the topic of a number of recent analyst reports. UBS Group restated a “neutral” rating on shares of FOX in a research note on Monday, June 15th. Barclays dropped their price objective on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, June 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of FOX in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $79.00 target price on shares of FOX in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company lowered their price target on FOX from $71.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, July 6th.

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FOX Price Performance

Shares of FOXA stock opened at $57.48 on Thursday. FOX has a fifty-two week low of $48.34 and a fifty-two week high of $76.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 1.64 and a beta of 0.54. The stock’s 50-day simple moving average is $59.34 and its 200-day simple moving average is $62.14.

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 the consensus estimate of $1.02 by $0.30. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. FOX’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts forecast that FOX will post 4.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in FOX in the fourth quarter valued at approximately $27,000. FWL Investment Management LLC acquired a new position in FOX in the 3rd quarter worth approximately $26,000. CYBER HORNET ETFs LLC purchased a new position in FOX during the 2nd quarter worth approximately $35,000. Rosenberg Matthew Hamilton raised its position in FOX by 58.5% during the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock worth $51,000 after buying an additional 257 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in FOX by 35.6% during the 4th quarter. Private Trust Co. NA now owns 712 shares of the company’s stock valued at $52,000 after acquiring an additional 187 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

About FOX

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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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