FOX (NASDAQ:FOXA)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a note issued to investors on Thursday, AnalystRatings.com reports.
Several other equities analysts also recently commented on FOXA. Atlantic Securities downgraded FOX from an “overweight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Tuesday, September 10th. Citigroup dropped their target price on FOX from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Evercore ISI reiterated a “buy” rating and issued a $45.00 target price on shares of FOX in a research report on Thursday, August 8th. Macquarie downgraded FOX from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $35.00 to $30.00 in a research report on Monday, September 9th. Finally, Wells Fargo & Co assumed coverage on FOX in a research report on Monday, September 23rd. They issued an “underperform” rating and a $30.00 target price for the company. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. FOX currently has an average rating of “Hold” and a consensus price target of $41.89.
NASDAQ:FOXA traded up $0.20 during trading hours on Thursday, reaching $35.14. 4,979,800 shares of the stock were exchanged, compared to its average volume of 5,333,419. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.78 and a quick ratio of 3.12. The stock has a market cap of $20.38 billion and a PE ratio of 13.36. FOX has a twelve month low of $29.69 and a twelve month high of $41.95. The firm has a 50 day moving average of $31.93 and a 200 day moving average of $34.80.
FOX (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 6th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.60 billion. FOX’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Equities research analysts anticipate that FOX will post 2.34 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in FOX in the third quarter worth approximately $25,000. Macquarie Group Ltd. purchased a new position in FOX during the second quarter worth about $29,000. Huntington National Bank purchased a new position in FOX during the third quarter worth about $30,000. Catalyst Capital Advisors LLC purchased a new position in FOX during the third quarter worth about $32,000. Finally, Whittier Trust Co. purchased a new position in FOX during the third quarter worth about $33,000. Institutional investors own 55.84% of the company’s stock.
FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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