FOX (NASDAQ:FOXA) had its target price upped by equities researchers at Morgan Stanley from $36.00 to $45.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 17.80% from the company's previous close.
Several other research analysts have also weighed in on FOXA. Credit Suisse Group increased their target price on shares of FOX from $37.00 to $44.00 and gave the company an "outperform" rating in a report on Monday, April 19th. Citigroup boosted their price objective on shares of FOX from $28.00 to $33.00 in a research report on Thursday, February 11th. Zacks Investment Research lowered FOX from a "buy" rating to a "hold" rating and set a $33.00 target price for the company. in a research note on Thursday, February 11th. Barclays raised their price target on FOX from $29.00 to $38.00 in a research note on Monday, March 29th. Finally, Rosenblatt Securities lifted their price target on FOX from $22.00 to $25.00 and gave the company a "sell" rating in a report on Wednesday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of "Hold" and an average target price of $33.76.
FOX stock opened at $38.20 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.21 and a quick ratio of 3.57. The business has a 50 day simple moving average of $39.27 and a 200-day simple moving average of $32.17. FOX has a 12 month low of $23.57 and a 12 month high of $44.80. The stock has a market capitalization of $22.56 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 7.35 and a beta of 1.27.
FOX (NASDAQ:FOXA) last released its earnings results on Monday, February 8th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.19. FOX had a net margin of 13.00% and a return on equity of 16.65%. The company had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $4 billion. During the same quarter last year, the business earned $0.10 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that FOX will post 2.27 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its stake in shares of FOX by 0.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 339,622 shares of the company's stock valued at $9,450,000 after purchasing an additional 1,609 shares in the last quarter. Davis R M Inc. lifted its holdings in FOX by 108.7% during the 3rd quarter. Davis R M Inc. now owns 38,750 shares of the company's stock worth $1,078,000 after buying an additional 20,185 shares during the last quarter. Brinker Capital Investments LLC acquired a new position in shares of FOX in the 3rd quarter worth approximately $1,852,000. Diversified Trust Co bought a new stake in shares of FOX in the 4th quarter valued at approximately $203,000. Finally, Louisiana State Employees Retirement System raised its position in shares of FOX by 104.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 35,700 shares of the company's stock valued at $1,040,000 after acquiring an additional 18,200 shares in the last quarter. 58.55% of the stock is owned by institutional investors.
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 multi-channel video programming distributors.
Read More: Why do analysts give a neutral rating?
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