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

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

Several other equities research analysts have also recently commented on FOXA. Oppenheimer cut shares of FOX to a “market perform” rating in a research report on Friday, October 16th. Weiss Ratings raised FOX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 26th. Fox Advisors set a $85.00 target price on FOX in a research report on Friday, October 16th. Citizens Jmp initiated coverage on FOX in a research report on Monday, September 14th. They set a “market outperform” rating and a $95.00 price target for the company. Finally, Seaport Research Partners downgraded FOX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.16.

Read Our Latest Report on FOX

FOX Stock Up 6.9%

Shares of NASDAQ FOXA traded up $4.34 during midday trading on Tuesday, reaching $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 current ratio of 3.17, a quick ratio of 2.99 and a debt-to-equity ratio of 0.56. FOX has a fifty-two week low of $48.34 and a fifty-two week high of $76.39. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.10 and a beta of 0.60. The stock has a 50 day simple moving average of $64.97 and a 200-day simple moving average of $62.26.

FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $2.54 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 business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts predict that FOX will post 6.06 earnings per share for the current year.

Insider Activity at FOX

In other news, CEO Lachlan Murdoch acquired 149,934 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $68.53 per share, for a total transaction of $10,274,977.02. Following the purchase, the chief executive officer directly owned 1,401,713 shares of the company’s stock, valued at approximately $96,059,391.89. This trade represents a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FOX

Hedge funds have recently bought and sold shares of the company. Junto Capital Management LP bought a new position in shares of FOX during the second quarter worth approximately $34,773,000. Robeco Institutional Asset Management B.V. acquired a new stake in FOX during the 3rd quarter worth approximately $29,395,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in FOX in the 2nd quarter valued at $21,519,000. Pictet Asset Management Holding SA boosted its stake in FOX by 112.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 493,559 shares of the company’s stock valued at $30,921,000 after purchasing an additional 261,072 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in FOX in the 3rd quarter valued at $11,195,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

More FOX News

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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