Atlantic Securities upgraded shares of FOX (NASDAQ:FOXA) from an underweight rating to a neutral rating in a research note issued to investors on Thursday, BenzingaRatingsTable reports. Atlantic Securities currently has $28.00 price objective on the stock.
Several other equities analysts also recently issued reports on FOXA. Morgan Stanley lifted their price objective on FOX from $44.00 to $46.00 and gave the company an overweight rating in a research report on Thursday, February 6th. Barclays lifted their price objective on FOX from $34.00 to $35.00 and gave the company an equal weight rating in a research report on Thursday, February 6th. Cfra lifted their target price on FOX from $38.00 to $45.00 and gave the company a buy rating in a research note on Thursday, February 6th. Zacks Investment Research cut FOX from a strong-buy rating to a hold rating and set a $39.00 target price for the company. in a research note on Wednesday, January 8th. Finally, Cowen assumed coverage on FOX in a research note on Thursday, December 12th. They issued a hold rating and a $32.00 target price for the company. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $40.10.
Shares of FOXA opened at $26.15 on Thursday. The stock has a fifty day moving average price of $34.70 and a two-hundred day moving average price of $34.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.67 and a current ratio of 3.52. FOX has a 52-week low of $24.60 and a 52-week high of $41.95. The company has a market cap of $15.91 billion and a price-to-earnings ratio of 9.14.
FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.14. FOX had a return on equity of 14.73% and a net margin of 15.22%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict that FOX will post 2.37 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a yield of 1.2%. FOX’s payout ratio is 17.49%.
A number of large investors have recently bought and sold shares of FOXA. BBVA USA Bancshares Inc. acquired a new position in FOX in the fourth quarter valued at about $29,000. Catalyst Capital Advisors LLC acquired a new position in FOX in the third quarter valued at about $32,000. MBM Wealth Consultants LLC acquired a new position in FOX in the fourth quarter valued at about $33,000. Evoke Wealth LLC grew its stake in FOX by 128.3% in the fourth quarter. Evoke Wealth LLC now owns 936 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares during the period. Finally, TCI Wealth Advisors Inc. acquired a new position in FOX in the fourth quarter valued at about $38,000. 58.83% of the stock is 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.
