Fox Co. (NASDAQ:FOXA) Receives Average Rating of “Hold” from Analysts

Fox Co. (NASDAQ:FOXA) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.40.

Several analysts have recently commented on FOXA shares. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Macquarie increased their price objective on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Wells Fargo & Company cut their price objective on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Finally, Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Friday, February 23rd.

FOX Stock Performance

Shares of FOX stock opened at $32.56 on Tuesday. The stock has a market cap of $15.46 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. The business has a fifty day simple moving average of $30.53 and a 200-day simple moving average of $30.42. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. FOX has a 12 month low of $28.28 and a 12 month high of $35.40.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. FOX’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, sell-side analysts anticipate that FOX will post 3.18 EPS for the current fiscal year.

Hedge Funds Weigh In On FOX

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its holdings in FOX by 862.2% during the fourth quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after buying an additional 845 shares in the last quarter. UMB Bank n.a. increased its stake in shares of FOX by 254.4% in the first quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after purchasing an additional 809 shares during the period. MV Capital Management Inc. increased its stake in shares of FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after purchasing an additional 379 shares during the period. Altshuler Shaham Ltd bought a new position in shares of FOX in the fourth quarter worth about $43,000. Finally, GAMMA Investing LLC bought a new position in shares of FOX in the fourth quarter worth about $53,000. 52.52% of the stock is currently owned by institutional investors.

About FOX

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 cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.