FOX (NASDAQ:FOXA) Price Target Increased to $39.00 by Analysts at Barclays

FOX (NASDAQ:FOXA) had its price objective raised by analysts at Barclays from $36.00 to $39.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 5.68% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Cfra restated a “sell” rating on shares of FOX in a research note on Wednesday, September 25th. Evercore ISI upped their target price on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Bank of America lifted their price target on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised FOX from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $29.00 to $46.00 in a report on Friday, August 16th. Finally, The Goldman Sachs Group lifted their target price on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, FOX has an average rating of “Hold” and an average price target of $41.08.

FOX Trading Down 0.9 %

FOXA opened at $41.35 on Wednesday. The business’s 50-day simple moving average is $40.41 and its 200-day simple moving average is $35.89. The company has a market cap of $19.03 billion, a P/E ratio of 13.21, a PEG ratio of 1.90 and a beta of 0.76. FOX has a one year low of $28.28 and a one year high of $42.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that FOX will post 3.69 EPS for the current fiscal year.

Insider Activity at FOX

In other FOX news, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Lachlan K. Murdoch bought 119,705 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Nallen sold 52,874 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

Large investors have recently bought and sold shares of the company. Caxton Associates LP lifted its holdings in shares of FOX by 186.3% in the fourth quarter. Caxton Associates LP now owns 66,939 shares of the company’s stock valued at $1,986,000 after purchasing an additional 43,559 shares in the last quarter. Point72 Europe London LLP purchased a new stake in FOX in the 4th quarter valued at approximately $586,000. Quarry LP acquired a new stake in FOX during the 4th quarter valued at $70,000. V Square Quantitative Management LLC increased its position in FOX by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 6,831 shares of the company’s stock worth $203,000 after buying an additional 1,095 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of FOX by 2,396.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 673,723 shares of the company’s stock worth $19,989,000 after acquiring an additional 646,737 shares during the last quarter. 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 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.