FOX (NASDAQ:FOXA)‘s stock had its “hold” rating reissued by Barclays in a research note issued on Friday, AnalystRatings.com reports. They currently have a $38.00 price target on the stock. Barclays‘s target price suggests a potential upside of 2.81% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Guggenheim downgraded shares of FOX from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $38.00 in a research note on Monday, July 1st. Moffett Nathanson initiated coverage on shares of FOX in a research note on Friday, March 15th. They issued a “buy” rating and a $51.00 price target on the stock. BMO Capital Markets initiated coverage on shares of CVS Health in a research note on Wednesday, April 10th. They issued an “outperform” rating and a $58.00 price target on the stock. Finally, BidaskClub downgraded shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.09.
Shares of NASDAQ:FOXA opened at $36.96 on Friday. The firm’s fifty day moving average price is $35.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.77 and a current ratio of 4.60. FOX has a 12-month low of $33.78 and a 12-month high of $41.95.
FOX (NASDAQ:FOXA) last announced its 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned $0.49 earnings per share. FOX’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that FOX will post 2.68 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV acquired a new position in shares of FOX during the 1st quarter worth about $397,000. Centric Wealth Management acquired a new position in shares of FOX during the 4th quarter worth about $235,000. MUFG Securities EMEA plc increased its stake in shares of FOX by 1,852.8% during the 4th quarter. MUFG Securities EMEA plc now owns 558,000 shares of the company’s stock worth $26,851,000 after purchasing an additional 529,425 shares during the last quarter. Norges Bank acquired a new position in shares of FOX during the 4th quarter worth about $98,035,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of FOX during the 4th quarter worth about $210,000. 51.23% of the stock is currently owned by hedge funds and other 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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