Needham & Company LLC reissued their hold rating on shares of FOX (NASDAQ:FOXA) in a report released on Thursday, AnalystRatings.com reports.
Several other analysts have also commented on the company. Citigroup decreased their price target on FOX from $40.00 to $38.00 and set a neutral rating on the stock in a research note on Wednesday, September 11th. Barclays reaffirmed a hold rating and issued a $38.00 price target on shares of FOX in a research note on Friday, July 12th. BidaskClub lowered FOX from a hold rating to a sell rating in a research note on Saturday, August 24th. Atlantic Securities lowered FOX from an overweight rating to an underweight rating and set a $28.00 price target on the stock. in a research note on Tuesday, September 10th. Finally, Evercore ISI reaffirmed a buy rating and issued a $45.00 price target on shares of FOX in a research note on Thursday, August 8th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $41.89.
Shares of FOXA stock traded up $0.20 during trading on Thursday, reaching $35.14. The company had a trading volume of 4,979,800 shares, compared to its average volume of 5,333,419. FOX has a one year low of $29.69 and a one year high of $41.95. The company has a market capitalization of $20.38 billion and a PE ratio of 13.36. The firm’s 50 day simple moving average is $31.93 and its two-hundred day simple moving average is $34.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.78 and a quick ratio of 3.12.
FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business posted $0.52 EPS. FOX’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that FOX will post 2.34 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. Yacktman Asset Management LP bought a new stake in shares of FOX during the third quarter worth $78,607,000. Factory Mutual Insurance Co. bought a new stake in shares of FOX during the third quarter worth $49,574,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of FOX during the third quarter worth $41,569,000. Tweedy Browne Co LLC bought a new stake in shares of FOX during the third quarter worth $40,985,000. Finally, California Public Employees Retirement System bought a new stake in shares of FOX during the third quarter worth $31,662,000. 55.84% of the stock is currently 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 video distributors.
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