FOX (NASDAQ:FOXA) Given New $82.00 Price Target at Deutsche Bank Aktiengesellschaft

FOX (NASDAQ:FOXA – Get Free Report) had its price target increased by research analysts at Deutsche Bank Aktiengesellschaft from $80.00 to $82.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price target suggests a potential upside of 22.21% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group cut FOX to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings upgraded FOX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Oppenheimer lowered FOX to a “market perform” rating in a research note on Friday, October 16th. Seaport Research Partners cut FOX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Finally, Needham & Company LLC assumed coverage on FOX in a research report on Friday, October 16th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.16.

Check Out Our Latest Stock Analysis on FOX

FOX Stock Performance

FOX stock traded up $4.34 during midday trading on Tuesday, hitting $67.10. The company’s stock had a trading volume of 9,424,019 shares, compared to its average volume of 4,855,078. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.99. The company has a market cap of $28.16 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.10 and a beta of 0.60. FOX has a 1-year low of $48.34 and a 1-year high of $76.39. The company has a 50-day moving average price of $64.97 and a two-hundred day moving average price of $62.26.

FOX (NASDAQ:FOXA – Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.55. FOX had a net margin of 9.84% and a return on equity of 20.64%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the business posted $1.51 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts predict that FOX will post 6.06 earnings per share for the current year.

Insider Buying and Selling at FOX

In other news, CEO Lachlan Murdoch purchased 149,934 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the acquisition, the chief executive officer owned 1,401,713 shares in the company, valued at approximately $96,059,391.89. The trade was a 11.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FOXA. Pictet Asset Management Holding SA lifted its stake in FOX by 112.3% during the third quarter. Pictet Asset Management Holding SA now owns 493,559 shares of the company’s stock worth $30,921,000 after purchasing an additional 261,072 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of FOX in the 3rd quarter valued at $736,000. Ashton Thomas Private Wealth LLC bought a new position in shares of FOX in the 3rd quarter valued at $226,000. Calamos Advisors LLC increased its stake in shares of FOX by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 143,628 shares of the company’s stock valued at $8,998,000 after purchasing an additional 2,906 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of FOX by 128.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 9,168 shares of the company’s stock worth $574,000 after buying an additional 5,150 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX News Summary

Here are the key news stories impacting FOX this week:

FOX Company Profile

(Get Free Report)

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.

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Analyst Recommendations for FOX (NASDAQ:FOXA)

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