FOX (NASDAQ:FOXA – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at Guggenheim in a note issued to investors on Tuesday,Benzinga reports. They presently have a $85.00 target price on the stock. Guggenheim’s price objective indicates a potential upside of 22.81% from the company’s current price.
Other research analysts also recently issued research reports about the company. Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Evercore set a $73.00 target price on FOX in a research note on Tuesday, May 12th. UBS Group restated a “neutral” rating on shares of FOX in a research report on Monday, June 15th. Fox Advisors set a $82.00 price target on FOX in a research note on Friday, August 14th. Finally, Wolfe Research raised FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 price target on the stock in a research note on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.38.
View Our Latest Report on FOXA
FOX Trading Up 1.0%
FOX (NASDAQ:FOXA – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. FOX’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, equities analysts expect that FOX will post 5.94 earnings per share for the current fiscal year.
Institutional Trading of FOX
A number of institutional investors have recently bought and sold shares of FOXA. California State Teachers Retirement System raised its position in shares of FOX by 4,720.6% during the 2nd quarter. California State Teachers Retirement System now owns 19,330,183 shares of the company’s stock valued at $1,008,262,000 after acquiring an additional 18,929,193 shares during the last quarter. Saudi Central Bank lifted its stake in shares of FOX by 82.7% in the 2nd quarter. Saudi Central Bank now owns 14,049 shares of the company’s stock valued at $733,000 after purchasing an additional 6,358 shares during the period. AlphaGrep UK Ltd bought a new position in shares of FOX in the 2nd quarter worth $531,000. denkapparat Operations GmbH boosted its position in shares of FOX by 25.6% in the 2nd quarter. denkapparat Operations GmbH now owns 28,868 shares of the company’s stock worth $1,506,000 after purchasing an additional 5,892 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of FOX by 2,503.4% during the second quarter. TD Waterhouse Canada Inc. now owns 1,536 shares of the company’s stock worth $80,000 after purchasing an additional 1,477 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.
FOX Company Profile
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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