FOX (NASDAQ:FOXA) Price Target Increased to $36.00 by Analysts at Barclays

FOX (NASDAQ:FOXAGet Free Report) had its price target hoisted by equities research analysts at Barclays from $33.00 to $36.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 7.85% from the company’s current price.

A number of other analysts have also recently commented on the company. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 target price on shares of FOX in a report on Monday, April 15th. Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and raised their price target for the company from $34.00 to $40.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of FOX from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.83.

View Our Latest Report on FOX

FOX Stock Down 0.1 %

FOXA traded down $0.03 during trading on Monday, reaching $33.38. The stock had a trading volume of 1,440,314 shares, compared to its average volume of 3,295,056. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $30.81 and its two-hundred day moving average is $30.49. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.23 and a beta of 0.77. FOX has a one year low of $28.28 and a one year high of $35.40.

Institutional Investors Weigh In On FOX

A number of hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its stake in shares of FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares in the last quarter. UMB Bank n.a. raised its stake in shares of FOX by 254.4% in the first quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after buying an additional 809 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of FOX during the 4th quarter valued at about $43,000. MV Capital Management Inc. grew its stake in shares of FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 379 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in FOX in the 4th quarter worth approximately $53,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

About FOX

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Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.

Further Reading

Analyst Recommendations for FOX (NASDAQ:FOXA)

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