FOX (NASDAQ:FOXA) Given New $47.00 Price Target at Deutsche Bank Aktiengesellschaft

FOX (NASDAQ:FOXA) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $47.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 8.82% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Evercore ISI boosted their target price on shares of FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Loop Capital boosted their price objective on shares of FOX from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Guggenheim boosted their price objective on shares of FOX from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Cfra reaffirmed a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.85.

FOX Stock Up 0.4 %

Shares of NASDAQ FOXA traded up $0.19 during trading on Tuesday, reaching $43.19. 89,902 shares of the stock were exchanged, compared to its average volume of 2,948,214. The business’s 50-day moving average price is $41.39 and its 200 day moving average price is $37.34. FOX has a twelve month low of $28.28 and a twelve month high of $45.82. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. As a group, equities analysts forecast that FOX will post 3.69 EPS for the current fiscal year.

Insider Activity at FOX

In other FOX news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FOX

Several hedge funds have recently made changes to their positions in FOXA. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of FOX by 69.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,674 shares of the company’s stock valued at $706,000 after buying an additional 6,843 shares in the last quarter. GSA Capital Partners LLP acquired a new position in FOX in the third quarter valued at about $620,000. Entropy Technologies LP acquired a new position in FOX in the third quarter valued at about $546,000. Crossmark Global Holdings Inc. raised its stake in FOX by 1.7% in the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after purchasing an additional 385 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in FOX by 0.4% in the third quarter. Principal Financial Group Inc. now owns 291,051 shares of the company’s stock valued at $12,320,000 after purchasing an additional 1,178 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Company Profile

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.