Shares of Fox Corporation (NASDAQ:FOX – Get Free Report) have been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $79.50.
FOX has been the topic of several analyst reports. Royal Bank Of Canada set a $95.00 price target on shares of FOX in a research report on Tuesday, October 20th. Wolfe Research set a $93.00 price target on shares of FOX in a research report on Thursday, August 20th. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upgraded shares of FOX from a “neutral” rating to an “overweight” rating and raised their target price for the company from $70.00 to $82.00 in a research note on Friday, August 14th. Finally, Guggenheim reiterated a “buy” rating on shares of FOX in a report on Tuesday, August 25th.
Get Our Latest Research Report on FOX
FOX Stock Performance
Shares of FOX stock opened at $60.63 on Thursday. The stock has a market cap of $25.57 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.39 and a beta of 0.66. The stock has a 50-day moving average of $57.93 and a 200-day moving average of $55.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.79 and a quick ratio of 3.50. FOX has a one year low of $44.08 and a one year high of $68.18.
FOX (NASDAQ:FOX – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.48. FOX had a net margin of 11.30% and a return on equity of 23.96%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.32 billion. As a group, sell-side analysts expect that FOX will post 6.22 earnings per share for the current year.
Insider Transactions at FOX
In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the acquisition, the chief executive officer directly owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. This trade represents a 11.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 23.06% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in FOX in the third quarter valued at about $2,350,000. Ieq Capital LLC acquired a new position in FOX during the third quarter valued at approximately $227,000. Public Sector Pension Investment Board acquired a new position in FOX during the third quarter valued at approximately $1,363,000. Global Retirement Partners LLC lifted its stake in FOX by 8.2% during the third quarter. Global Retirement Partners LLC now owns 5,413 shares of the company’s stock worth $305,000 after purchasing an additional 408 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in FOX during the third quarter worth $4,173,000. 26.41% of the stock is owned by institutional investors and hedge funds.
FOX Company Profile
Fox Corporation is a U.S. media company that produces and distributes news, sports and entertainment programming. Its operations include the FOX broadcast network, Fox News Media, Fox Sports, FOX Entertainment and Fox Television Stations. The company also owns Tubi, an ad-supported streaming service. Fox Corporation was formed in 2019 after The Walt Disney Company acquired much of 21st Century Fox. The company’s programming and services are primarily aimed at audiences in the United States, with content also distributed to viewers in other markets.
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