FOX (NASDAQ:FOXA) had its target price hoisted by stock analysts at Wells Fargo & Co from $30.00 to $32.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has an “underperform” rating on the stock. Wells Fargo & Co‘s price target suggests a potential downside of 8.78% from the company’s previous close.

A number of other equities research analysts have also recently commented on FOXA. Macquarie cut FOX from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $30.00 in a research note on Monday, September 9th. Barclays reissued a “hold” rating and issued a $38.00 price objective on shares of FOX in a research note on Friday, July 12th. Evercore ISI reissued a “buy” rating and issued a $45.00 price objective on shares of FOX in a research note on Thursday, August 8th. BidaskClub cut FOX from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of FOX in a research note on Thursday. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. FOX presently has a consensus rating of “Hold” and a consensus price target of $42.62.

FOX stock traded up $0.14 during mid-day trading on Thursday, reaching $35.08. The stock had a trading volume of 195,261 shares, compared to its average volume of 5,208,140. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.12 and a current ratio of 3.78. FOX has a fifty-two week low of $29.69 and a fifty-two week high of $41.95. The stock’s 50-day simple moving average is $31.88 and its 200-day simple moving average is $34.82. The firm has a market capitalization of $20.38 billion and a PE ratio of 13.35.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that FOX will post 2.34 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of FOXA. Meeder Asset Management Inc. bought a new position in shares of FOX in the third quarter valued at approximately $25,000. Macquarie Group Ltd. bought a new position in shares of FOX in the second quarter valued at approximately $29,000. Huntington National Bank bought a new position in shares of FOX in the third quarter valued at approximately $30,000. Catalyst Capital Advisors LLC bought a new position in shares of FOX in the third quarter valued at approximately $32,000. Finally, Whittier Trust Co. bought a new position in shares of FOX in the third quarter valued at approximately $33,000. Institutional investors own 55.84% of the company’s stock.

About FOX

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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Analyst Recommendations for FOX (NASDAQ:FOXA)

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