Fox Corp (NASDAQ:FOXA) has earned an average recommendation of “Buy” from the twenty-six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.75.
Several research firms have recently issued reports on FOXA. Rosenblatt Securities began coverage on shares of FOX in a research report on Monday. They issued a “sell” rating and a $33.00 price target on the stock. Credit Suisse Group boosted their price target on shares of FOX from $46.00 to $51.00 and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets began coverage on shares of FOX in a research report on Wednesday, April 10th. They issued a “market perform” rating and a $37.00 price target on the stock. Citigroup began coverage on shares of FOX in a research report on Tuesday, April 9th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, UBS Group lowered their price target on shares of FOX from $52.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd.
Hedge funds have recently added to or reduced their stakes in the business. Aravt Global LLC purchased a new position in FOX in the 4th quarter worth approximately $147,969,000. OTA Financial Group L.P. purchased a new position in FOX in the 4th quarter worth approximately $897,000. KBC Group NV grew its stake in FOX by 46.6% in the 4th quarter. KBC Group NV now owns 545,447 shares of the company’s stock worth $26,247,000 after buying an additional 173,499 shares in the last quarter. Pearl River Capital LLC purchased a new position in FOX in the 4th quarter worth approximately $126,000. Finally, Hudson Bay Capital Management LP grew its stake in FOX by 56.4% in the 4th quarter. Hudson Bay Capital Management LP now owns 675,305 shares of the company’s stock worth $28,158,000 after buying an additional 243,593 shares in the last quarter. 1.03% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ FOXA traded up $1.08 during midday trading on Thursday, hitting $38.50. The company’s stock had a trading volume of 14,921,363 shares, compared to its average volume of 7,256,316. FOX has a one year low of $35.90 and a one year high of $41.95.
FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.12. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that FOX will post 2.18 earnings per share for the current fiscal year.
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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