Fox Corp (NASDAQ:FOXA) has received an average rating of “Hold” from the twenty-eight brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.86.
FOXA has been the topic of a number of research analyst reports. Credit Suisse Group cut their price target on shares of FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. BidaskClub cut shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. Gabelli initiated coverage on shares of FOX in a research report on Wednesday, May 15th. They set a “buy” rating and a $57.00 price target on the stock. JPMorgan Chase & Co. set a €21.00 ($24.42) price target on shares of Signify and gave the company a “sell” rating in a research report on Monday, March 25th. Finally, Loop Capital initiated coverage on shares of FOX in a research report on Monday, March 25th. They set a “hold” rating and a $42.00 price target on the stock.
Several hedge funds have recently added to or reduced their stakes in FOXA. Sontag Advisory LLC bought a new position in shares of FOX during the 4th quarter worth about $36,000. Kaizen Advisory LLC lifted its position in FOX by 24.3% in the 4th quarter. Kaizen Advisory LLC now owns 2,831 shares of the company’s stock valued at $136,000 after acquiring an additional 553 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in FOX in the 4th quarter valued at about $210,000. OLD Mission Capital LLC bought a new position in FOX in the 4th quarter valued at about $231,000. Finally, Centric Wealth Management bought a new position in FOX in the 4th quarter valued at about $235,000. 51.24% of the stock is currently owned by institutional investors.
FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. Research analysts expect that FOX will post 2.68 earnings per share for the current fiscal year.
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.
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