Citizens Jmp Begins Coverage on FOX (NASDAQ:FOXA)

Stock analysts at Citizens Jmp assumed coverage on shares of FOX (NASDAQ:FOXA) in a research report issued on Monday, Benzinga reports. The firm set a “market outperform” rating and a $95.00 price target on the stock. Citizens Jmp’s price objective points to a potential upside of 44.07% from the company’s current price.

Several other research analysts have also commented on FOXA. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of FOX in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $80.00 price objective on shares of FOX in a research note on Friday, August 14th. Wells Fargo & Company raised FOX from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $80.00 in a research report on Friday, August 14th. Seaport Research Partners lowered FOX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Finally, Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $75.59.

FOX Price Performance

FOX stock opened at $65.94 on Monday. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.18 and a beta of 0.55. The firm’s fifty day moving average is $61.96 and its 200 day moving average is $60.90. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. FOX has a 52-week low of $48.34 and a 52-week high of $76.39.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the company posted $1.27 EPS. The business’s revenue was up 28.1% on a year-over-year basis. Sell-side analysts forecast that FOX will post 5.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new stake in shares of FOX in the 4th quarter worth $27,000. FWL Investment Management LLC acquired a new position in FOX in the 3rd quarter worth about $26,000. CYBER HORNET ETFs LLC purchased a new stake in FOX in the 2nd quarter worth $35,000. Quantbot Technologies LP acquired a new position in shares of FOX during the 3rd quarter worth about $51,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of FOX by 205.6% in the first quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 621 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a media and entertainment company formed in 2019 following the separation of certain assets from 21st Century Fox. The company operates a portfolio of news, sports and entertainment brands focused primarily on the United States, with select services and programming available internationally.

Fox’s businesses include FOX News Media, which operates FOX News Channel, FOX Business Network, FOX News Digital and related subscription and streaming services. Its sports operations include FOX Sports, FS1, FS2, FOX Deportes, the Big Ten Network and sports programming distributed through digital platforms.