Analysts’ Recent Ratings Updates for FOX (FOXA)

A number of research firms have changed their ratings and price targets for FOX (NASDAQ: FOXA):

• 12/19/2024 – FOX had its price target raised by analysts at The Goldman Sachs Group, Inc. from $51.00 to $57.00. They now have a “buy” rating on the stock.
• 12/18/2024 – FOX had its price target raised by analysts at Loop Capital from $48.00 to $55.00. They now have a “buy” rating on the stock.
• 12/18/2024 – FOX had its price target raised by analysts at Citigroup Inc. from $50.00 to $58.00. They now have a “buy” rating on the stock.
• 12/18/2024 – FOX had its price target raised by analysts at Bank of America Co. from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 12/17/2024 – FOX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/6/2024 – FOX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/25/2024 – FOX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/12/2024 – FOX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/5/2024 – FOX had its price target raised by analysts at Wells Fargo & Company from $46.00 to $49.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – FOX had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $43.00 price target on the stock.
• 11/5/2024 – FOX had its price target raised by analysts at JPMorgan Chase & Co. from $41.00 to $42.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – FOX was upgraded by analysts at Evercore ISI to a “hold” rating.
• 11/5/2024 – FOX had its price target raised by analysts at TD Cowen from $36.00 to $42.00. They now have a “hold” rating on the stock.
• 11/5/2024 – FOX had its price target raised by analysts at Guggenheim from $45.00 to $50.00. They now have a “buy” rating on the stock.
• 11/5/2024 – FOX had its price target raised by analysts at UBS Group AG from $44.00 to $50.00. They now have a “buy” rating on the stock.
• 11/5/2024 – FOX had its price target raised by analysts at The Goldman Sachs Group, Inc. from $46.00 to $51.00. They now have a “buy” rating on the stock.
• 11/5/2024 – FOX had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $47.00. They now have a “buy” rating on the stock.
• 11/1/2024 – FOX had its price target raised by analysts at Morgan Stanley from $38.00 to $40.00. They now have an “equal weight” rating on the stock.

FOX Price Performance

Shares of FOX stock traded down $0.36 during trading on Friday, hitting $49.47. The stock had a trading volume of 1,255,438 shares, compared to its average volume of 3,147,874. The business has a fifty day moving average of $45.77 and a two-hundred day moving average of $40.98. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $50.63. The firm has a market cap of $22.59 billion, a P/E ratio of 12.10, a PEG ratio of 1.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the company earned $1.09 EPS. FOX’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by insiders.

Hedge Funds Weigh In On FOX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of FOX in the third quarter worth $51,000. Duncker Streett & Co. Inc. purchased a new stake in FOX in the 2nd quarter worth about $52,000. Quarry LP acquired a new stake in FOX during the 3rd quarter worth about $70,000. Transamerica Financial Advisors Inc. purchased a new position in FOX during the 3rd quarter valued at about $119,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of FOX in the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.