Fox Corporation (NASDAQ:FOXA) Receives $73.56 Consensus Target Price from Analysts

Fox Corporation (NASDAQ:FOXA) has received a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $73.5625.

Several research firms recently issued reports on FOXA. Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Seaport Research Partners lowered shares of FOX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Barclays reduced their price target on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, June 15th. JPMorgan Chase & Co. lifted their price objective on shares of FOX from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $79.00 target price on shares of FOX in a research note on Tuesday, May 12th.

FOX Stock Performance

Shares of FOXA stock opened at $63.05 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. The firm has a market cap of $26.49 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.77 and a beta of 0.54. The firm’s 50 day moving average price is $57.32 and its 200-day moving average price is $60.42. FOX has a one year low of $48.34 and a one year high of $76.39.

FOX (NASDAQ:FOXA) last posted its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities research analysts predict that FOX will post 5.76 EPS for the current year.

FOX Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a dividend yield of 94.0%. FOX’s dividend payout ratio is currently 14.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new stake in FOX during the 4th quarter worth about $27,000. FWL Investment Management LLC purchased a new position in shares of FOX in the 3rd quarter valued at about $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of FOX during the second quarter worth about $35,000. Private Trust Co. NA grew its position in shares of FOX by 35.6% during the fourth quarter. Private Trust Co. NA now owns 712 shares of the company’s stock worth $52,000 after buying an additional 187 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in shares of FOX during the fourth quarter worth approximately $55,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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.