Brokerages Set Fox Corporation (NASDAQ:FOX) Target Price at $82.50

Fox Corporation (NASDAQ:FOX) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $82.50.

A number of analysts recently weighed in on FOX shares. Fox Advisors set a $97.00 price target on shares of FOX in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of FOX in a report on Monday. Cfra reaffirmed a “buy” rating and set a $73.00 price objective on shares of FOX in a research note on Monday, November 3rd. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of FOX in a research report on Monday. Finally, Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th.

Insider Activity

In other news, CFO Steven Tomsic sold 138,397 shares of FOX stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.54, for a total value of $9,208,936.38. Following the sale, the chief financial officer owned 180,556 shares of the company’s stock, valued at $12,014,196.24. The trade was a 43.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul D. Ryan sold 17,767 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $64.36, for a total transaction of $1,143,484.12. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 454,817 shares of company stock valued at $29,490,590. 23.06% of the stock is owned by corporate insiders.

Institutional Trading of FOX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in FOX by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 43,126 shares of the company’s stock worth $2,273,000 after buying an additional 5,089 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of FOX by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,633,430 shares of the company’s stock worth $86,098,000 after acquiring an additional 215,477 shares during the period. 111 Capital purchased a new position in FOX in the 2nd quarter valued at approximately $706,000. Landscape Capital Management L.L.C. raised its holdings in FOX by 31.5% during the first quarter. Landscape Capital Management L.L.C. now owns 204,775 shares of the company’s stock worth $10,794,000 after purchasing an additional 49,078 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in FOX by 4.9% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 236,011 shares of the company’s stock worth $12,440,000 after purchasing an additional 10,950 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Up 0.7%

FOX opened at $64.94 on Monday. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. FOX has a 52 week low of $43.18 and a 52 week high of $65.37. The business’s 50 day moving average is $58.85 and its two-hundred day moving average is $54.74. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%. On average, research analysts predict that FOX will post 4.25 EPS for the current year.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Breaking/priority news coverage that tends to drive viewership — FOX ran high-profile pieces on Ukraine–US peace-talk developments, which can attract large national audiences and advertisers. Article Title
• Positive Sentiment: Macro/economic coverage that draws viewers — FOX News video coverage highlighting GDP’s fastest pace in two years can increase prime-time and daytime engagement around economic programming. Article Title
• Positive Sentiment: Local and weather-driven traffic boost — heavy storms and flooding in California (widespread coverage across FOX local and Weather platforms) typically lift local affiliate ratings and digital traffic. Article Title
• Positive Sentiment: Sports/entertainment stories (Brooks Koepka, WWE/NFL tie-ins) provide steady audience draw across FOX Sports and entertainment verticals, supporting ad sales. Article Title
• Neutral Sentiment: Sector comparison pieces (Roku vs. FOX) may attract investor attention but are unlikely to move the stock materially absent new guidance or deals. Article Title
• Negative Sentiment: Reported large increase in short interest for December could pressure the stock or increase intraday volatility — however the published data in this entry shows 0 shares (NaN increase), indicating a likely reporting error. Monitor official exchange short-interest releases for clarity.

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.