FOX (NASDAQ:FOXA) Price Target Cut to $42.00 by Analysts at UBS Group

FOX (NASDAQ:FOXA – Get Rating) had its price target decreased by UBS Group from $44.00 to $42.00 in a report issued on Monday, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of FOX from $46.00 to $42.00 in a research report on Wednesday, November 2nd. Guggenheim decreased their target price on shares of FOX from $43.00 to $40.00 and set a buy rating on the stock in a research report on Thursday, January 5th. Rosenblatt Securities lifted their price target on shares of FOX from $30.00 to $31.00 and gave the company a neutral rating in a research report on Wednesday, November 2nd. Royal Bank of Canada reduced their price target on shares of FOX from $46.00 to $38.00 and set an outperform rating on the stock in a research report on Wednesday, November 2nd. Finally, Wolfe Research cut shares of FOX from a peer perform rating to an underperform rating and set a $28.00 price target on the stock. in a research report on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $37.13.

FOX Price Performance

FOX stock opened at $31.27 on Monday. FOX has a 12-month low of $28.01 and a 12-month high of $44.95. The stock has a market capitalization of $16.97 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.72 and a beta of 0.85. The firm’s 50-day moving average is $30.74 and its two-hundred day moving average is $32.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.60 and a quick ratio of 3.16.

FOX (NASDAQ:FOXA – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.06. FOX had a net margin of 7.85% and a return on equity of 14.24%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Equities analysts predict that FOX will post 3.59 earnings per share for the current year.

Institutional Trading of FOX

A number of hedge funds have recently made changes to their positions in FOXA. BlackRock Inc. increased its stake in shares of FOX by 9.9% in the third quarter. BlackRock Inc. now owns 44,282,377 shares of the company’s stock worth $1,358,584,000 after buying an additional 3,976,775 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its stake in shares of FOX by 1,986.9% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,835,470 shares of the company’s stock worth $59,030,000 after buying an additional 1,747,519 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of FOX by 17,573.1% in the third quarter. Pacer Advisors Inc. now owns 1,344,568 shares of the company’s stock worth $41,251,000 after buying an additional 1,336,960 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of FOX by 121.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,379,852 shares of the company’s stock worth $54,435,000 after buying an additional 756,487 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of FOX by 16.0% in the first quarter. Invesco Ltd. now owns 4,617,824 shares of the company’s stock worth $182,174,000 after buying an additional 637,439 shares during the last quarter. Hedge funds and other institutional investors own 55.65% of the company’s stock.

FOX Company Profile

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Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.