Fox Corporation (NASDAQ:FOX) Given Average Recommendation of “Moderate Buy” by Brokerages

Fox Corporation (NASDAQ:FOX) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $75.00.

A number of research analysts have recently weighed in on FOX shares. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Bank of America restated an “underperform” rating and issued a $45.00 target price (down from $80.00) on shares of FOX in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FOX in a research report on Friday, May 22nd.

FOX Stock Performance

Shares of FOX stock opened at $58.92 on Monday. FOX has a 1-year low of $48.42 and a 1-year high of $68.18. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 6.95 and a beta of 0.54. The stock’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $58.57.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.30. FOX had a return on equity of 18.90% and a net margin of 10.56%.The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. On average, sell-side analysts predict that FOX will post 4.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FOX

A number of hedge funds have recently added to or reduced their stakes in FOX. Glenmede Trust Co. NA grew its position in FOX by 143.9% in the first quarter. Glenmede Trust Co. NA now owns 2,697 shares of the company’s stock worth $143,000 after acquiring an additional 1,591 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of FOX by 30.6% during the 1st quarter. Arkadios Wealth Advisors now owns 8,438 shares of the company’s stock valued at $448,000 after purchasing an additional 1,978 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of FOX by 27.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock valued at $151,000 after purchasing an additional 613 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of FOX by 2.3% during the 1st quarter. Gabelli Funds LLC now owns 579,800 shares of the company’s stock valued at $30,787,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of FOX by 10.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 585,183 shares of the company’s stock valued at $31,073,000 after purchasing an additional 53,166 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continued to generate a steady stream of high-profile political, international, and sports coverage, including Iran-related developments and U.S. World Cup preview content, which supports the company’s core news and sports audience engagement. Article Title
• Positive Sentiment: Fox Sports and FOX-related coverage around the 2026 World Cup helps reinforce the company’s live-sports and event-driven media franchise, which is typically valuable for advertising and viewership. Article Title
• Neutral Sentiment: Fox River Resources Corporation’s meeting reminder is unrelated to Fox Corporation and should not materially affect FOX shares. Article Title
• Negative Sentiment: The CEO and CFO contract extension came with higher compensation, which may weigh on sentiment if investors view it as added cost without an immediate offsetting earnings benefit. Article Title

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.