FOX (NASDAQ:FOXA) Given New $70.00 Price Target at Evercore ISI

FOX (NASDAQ:FOXA) had its target price hoisted by investment analysts at Evercore ISI from $66.00 to $70.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential upside of 6.52% from the company’s previous close.

FOXA has been the topic of several other reports. Morgan Stanley boosted their price target on shares of FOX from $74.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays decreased their price target on shares of FOX from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company cut shares of FOX from an “overweight” rating to a “mixed” rating in a research note on Thursday. TD Cowen reaffirmed a “hold” rating on shares of FOX in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.07.

FOX Stock Down 3.0%

FOXA traded down $2.01 on Thursday, reaching $65.72. The company’s stock had a trading volume of 1,386,552 shares, compared to its average volume of 3,304,766. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.24 and a quick ratio of 3.03. FOX has a 1 year low of $46.42 and a 1 year high of $76.39. The business’s 50 day moving average is $71.73 and its 200 day moving average is $64.19. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.51.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.35. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. FOX had a net margin of 12.35% and a return on equity of 18.61%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, research analysts forecast that FOX will post 4.38 EPS for the current fiscal year.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 29,897 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total value of $2,079,336.35. Following the transaction, the insider directly owned 35,978 shares of the company’s stock, valued at approximately $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 168,756 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $65.97, for a total transaction of $11,132,833.32. The disclosure for this sale is available in the SEC filing. Insiders have sold 437,050 shares of company stock worth $28,347,106 over the last ninety days. Company insiders own 19.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Winnow Wealth LLC acquired a new position in shares of FOX during the 3rd quarter worth about $1,238,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of FOX by 9.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 662,247 shares of the company’s stock worth $41,761,000 after acquiring an additional 56,234 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FOX by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,924,975 shares of the company’s stock valued at $121,389,000 after purchasing an additional 16,757 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of FOX by 26.0% during the second quarter. Janney Montgomery Scott LLC now owns 40,075 shares of the company’s stock valued at $2,246,000 after buying an additional 8,281 shares during the last quarter. Finally, Marshall Wace LLP raised its position in FOX by 415.7% in the 2nd quarter. Marshall Wace LLP now owns 230,570 shares of the company’s stock valued at $12,921,000 after buying an additional 185,859 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: FOX beat Q2 estimates — EPS $0.82 vs. consensus $0.47 and revenue $5.18B vs. $5.02B — driven by ad strength at news and sports networks and overall cable growth. This earnings/revenue beat is the primary bullish catalyst cited by multiple outlets. Article Title
• Positive Sentiment: Management and press highlight broad-based growth: a seven-game World Series tailwind, continued Fox News strength and accelerating ad-supported streaming performance at Tubi — factors underpinning revenue and ad upside. Article Title
• Positive Sentiment: Fox declared a $0.28 per-share dividend (record date March 4, payable March 25), which supports income-focused investor interest and adds to total shareholder return potential. (Note: some summaries reported an anomalous yield figure — focus on the declared $0.28 per-share payment.)
• Neutral Sentiment: Several analyst and trade write-ups provide deeper metric-by-metric context (Zacks, Seeking Alpha, industry press), useful for assessing sustainability of ad and streaming trends versus one-time event tailwinds. Article Title
• Negative Sentiment: Wells Fargo reaffirmed an “equal weight” rating but trimmed its price target from $80 to $75 — a modest negative signal that tempers upside expectations even though the new target still implies roughly mid-teens upside from current levels. Article Title

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.