Fox Co. (NASDAQ:FOXA – Get Free Report) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $36.40.
Several equities research analysts recently commented on FOXA shares. Rosenblatt Securities decreased their price objective on shares of FOX from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Barclays decreased their price objective on shares of FOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, April 14th. Wells Fargo & Company lowered shares of FOX from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $35.00 to $31.00 in a research report on Monday, July 10th. StockNews.com began coverage on shares of FOX in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reduced their target price on shares of FOX from $39.00 to $37.00 in a report on Thursday, May 4th.
Insider Buying and Selling
In related news, insider Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $33.62, for a total transaction of $3,362,000.00. Following the completion of the sale, the insider now owns 157,513 shares of the company’s stock, valued at approximately $5,295,587.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.86% of the company’s stock.
Institutional Trading of FOX
FOX Stock Performance
NASDAQ:FOXA opened at $33.06 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. FOX has a fifty-two week low of $28.01 and a fifty-two week high of $37.26. The stock has a market cap of $16.68 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86. The firm’s fifty day simple moving average is $33.30 and its 200-day simple moving average is $33.44.
FOX (NASDAQ:FOXA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. FOX had a net margin of 7.84% and a return on equity of 16.36%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that FOX will post 3.36 earnings per share for the current fiscal year.
FOX Company Profile
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.
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