Analysts Set Fox Corporation (NASDAQ:FOXA) Target Price at $74.36

Shares of Fox Corporation (NASDAQ:FOXA) have earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $74.3571.

A number of research firms have recently weighed in on FOXA. JPMorgan Chase & Co. upped their target price on shares of FOX from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Evercore set a $73.00 target price on shares of FOX in a research report on Tuesday, May 12th. UBS Group reaffirmed a “neutral” rating on shares of FOX in a research report on Monday, June 15th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $61.00 target price on shares of FOX in a research report on Tuesday, June 16th.

Institutional Trading of FOX

Hedge funds and other institutional investors have recently modified their holdings of the business. FWL Investment Management LLC purchased a new stake in shares of FOX in the 3rd quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in shares of FOX in the 4th quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of FOX in the 2nd quarter worth about $35,000. Rosenberg Matthew Hamilton grew its position in FOX by 58.5% during the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock valued at $51,000 after purchasing an additional 257 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in FOX during the 3rd quarter valued at about $51,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Down 1.9%

Shares of FOX stock opened at $48.86 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $62.46 and its two-hundred day simple moving average is $64.23. The company has a market cap of $20.53 billion, a P/E ratio of 12.89, a PEG ratio of 1.77 and a beta of 0.51. FOX has a 12-month low of $48.34 and a 12-month high of $76.39.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Monday, May 11th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.30. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Research analysts anticipate that FOX will post 4.93 EPS for the current year.

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.