FOX's (FOXA) "Neutral" Rating Reiterated at Rosenblatt Securities

FOX (NASDAQ:FOXA - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at Rosenblatt Securities in a note issued to investors on Monday, Benzinga reports. They currently have a $34.00 target price on the stock. Rosenblatt Securities' price target would suggest a potential upside of 12.03% from the company's current price.

Several other analysts have also issued reports on FOXA. Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research report on Thursday, January 4th. Citigroup raised shares of FOX from a "neutral" rating to a "buy" rating and upped their target price for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. Wells Fargo & Company decreased their target price on shares of FOX from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, February 8th. TheStreet lowered shares of FOX from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. Finally, Seaport Res Ptn raised shares of FOX from a "neutral" rating to a "buy" rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.40.

FOX Stock Performance

FOXA traded up $0.26 during midday trading on Monday, reaching $30.35. The company had a trading volume of 4,615,276 shares, compared to its average volume of 3,456,212. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The stock has a market cap of $14.41 billion, a PE ratio of 17.80, a P/E/G ratio of 0.39 and a beta of 0.78. FOX has a 12-month low of $28.28 and a 12-month high of $35.40. The business has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $30.38.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.24. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company's quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. On average, sell-side analysts expect that FOX will post 3.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cornercap Investment Counsel Inc. increased its stake in shares of FOX by 0.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 41,656 shares of the company's stock worth $1,236,000 after acquiring an additional 324 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of FOX by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 18,908 shares of the company's stock worth $591,000 after acquiring an additional 324 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of FOX by 3.1% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,983 shares of the company's stock worth $337,000 after acquiring an additional 334 shares in the last quarter. Prudential PLC increased its stake in FOX by 1.6% during the 3rd quarter. Prudential PLC now owns 23,068 shares of the company's stock valued at $720,000 after purchasing an additional 362 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in FOX by 3.8% during the 3rd quarter. Empirical Finance LLC now owns 10,212 shares of the company's stock valued at $319,000 after purchasing an additional 372 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.