FOX (NASDAQ:FOXA) Price Target Raised to $47.00

FOX (NASDAQ:FOXA) had its target price upped by Deutsche Bank Aktiengesellschaft from $42.00 to $47.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on FOXA. JPMorgan Chase & Co. lifted their price target on FOX from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. The Goldman Sachs Group upped their price target on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Rosenblatt Securities raised their price objective on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on shares of FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Macquarie increased their target price on shares of FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.00.

FOX Price Performance

FOXA stock opened at $44.67 on Tuesday. FOX has a 1 year low of $28.28 and a 1 year high of $45.82. The firm has a market capitalization of $20.56 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.95 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The business’s 50-day moving average is $41.53 and its two-hundred day moving average is $37.48.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts anticipate that FOX will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 335,355 shares of company stock valued at $14,244,865 in the last ninety days. Insiders own 21.77% of the company’s stock.

Institutional Investors Weigh In On FOX

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXA. Massmutual Trust Co. FSB ADV lifted its stake in shares of FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after purchasing an additional 461 shares during the period. Quest Partners LLC acquired a new stake in shares of FOX during the 3rd quarter valued at approximately $51,000. Friedenthal Financial purchased a new stake in shares of FOX during the 2nd quarter worth approximately $51,000. Duncker Streett & Co. Inc. acquired a new stake in shares of FOX in the 2nd quarter worth approximately $52,000. Finally, Meeder Asset Management Inc. purchased a new position in FOX in the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.