Weekly Investment Analysts’ Ratings Changes for FOX (FOXA)


Share on StockTwits

Several analysts have recently updated their ratings and price targets for FOX (NASDAQ: FOXA):

  • 5/4/2021 – FOX was upgraded by analysts at Rosenblatt Securities from a “sell” rating to a “neutral” rating. They now have a $35.00 price target on the stock, up previously from $25.00.
  • 5/3/2021 – FOX had its price target raised by analysts at Morgan Stanley from $36.00 to $45.00. They now have an “overweight” rating on the stock.
  • 4/27/2021 – FOX had its price target raised by analysts at Morgan Stanley from $36.00 to $45.00. They now have an “overweight” rating on the stock.
  • 4/21/2021 – FOX was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 4/19/2021 – FOX had its price target raised by analysts at Credit Suisse Group AG from $37.00 to $44.00. They now have an “outperform” rating on the stock.
  • 4/13/2021 – FOX was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $41.00 price target on the stock.
  • 4/12/2021 – FOX had its price target raised by analysts at Credit Suisse Group AG from $37.00 to $44.00. They now have an “outperform” rating on the stock.
  • 4/7/2021 – FOX was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $41.00 price target on the stock, up previously from $27.00.
  • 3/29/2021 – FOX had its price target raised by analysts at Barclays PLC from $29.00 to $38.00.
  • 3/25/2021 – FOX had its price target raised by analysts at Moffett Nathanson from $40.00 to $50.00.
  • 3/12/2021 – FOX was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.

Shares of FOXA traded up $0.13 during midday trading on Tuesday, hitting $36.74. The company’s stock had a trading volume of 4,090,847 shares, compared to its average volume of 5,376,875. Fox Co. has a one year low of $23.57 and a one year high of $44.80. The company’s fifty day simple moving average is $38.70 and its two-hundred day simple moving average is $32.51. The company has a quick ratio of 3.57, a current ratio of 4.21 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 7.35 and a beta of 1.27.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, February 8th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4 billion. FOX had a return on equity of 16.65% and a net margin of 13.00%. FOX’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, research analysts predict that Fox Co. will post 2.27 earnings per share for the current year.

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 7th. Investors of record on Wednesday, March 10th were given a $0.23 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 9th. FOX’s payout ratio is 18.55%.

Institutional investors and hedge funds have recently modified their holdings of the business. Boyar Asset Management Inc. bought a new position in shares of FOX in the first quarter valued at approximately $244,000. Symmetry Partners LLC purchased a new stake in shares of FOX during the first quarter worth $243,000. Treasurer of the State of North Carolina lifted its position in shares of FOX by 12.0% during the first quarter. Treasurer of the State of North Carolina now owns 143,450 shares of the company’s stock worth $5,180,000 after acquiring an additional 15,400 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of FOX by 6.9% during the first quarter. Daiwa Securities Group Inc. now owns 24,354 shares of the company’s stock worth $879,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FOX by 2.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,405 shares of the company’s stock worth $4,384,000 after purchasing an additional 2,943 shares during the period. 58.55% of the stock is owned by hedge funds and other institutional investors.

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 multi-channel video programming distributors.

Featured Story: What is the NASDAQ?

Receive News & Ratings for Fox Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Co and related companies with MarketBeat.com's FREE daily email newsletter.