Goldman Sachs Group began coverage on shares of FOX (NASDAQ:FOXA) in a research report released on Wednesday, June 26th, Benzinga reports. The firm issued a buy rating and a $46.00 target price on the stock.
Several other equities analysts also recently weighed in on FOXA. Bank of America raised their target price on Altria Group from $56.00 to $66.00 and gave the company a buy rating in a research report on Wednesday, March 20th. UBS Group downgraded Guangshen Railway Co. Ltd ADR Class H from a buy rating to a neutral rating in a research report on Wednesday, April 3rd. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Thursday, June 20th. Loop Capital started coverage on FOX in a research note on Monday, March 25th. They set a hold rating and a $42.00 target price for the company. Finally, Gabelli started coverage on FOX in a research note on Wednesday, May 15th. They set a buy rating and a $57.00 target price for the company. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $46.09.
NASDAQ:FOXA traded up $0.38 during mid-day trading on Wednesday, hitting $36.55. 5,180,052 shares of the company’s stock traded hands, compared to its average volume of 6,025,440. The stock has a fifty day moving average of $35.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.60 and a quick ratio of 3.77. FOX has a twelve month low of $33.78 and a twelve month high of $41.95.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC acquired a new position in shares of FOX during the fourth quarter valued at approximately $26,000. Sontag Advisory LLC acquired a new stake in shares of FOX in the 4th quarter valued at $36,000. Rehmann Capital Advisory Group raised its holdings in FOX by 74.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,724 shares of the company’s stock worth $83,000 after acquiring an additional 738 shares during the period. Berman Capital Advisors LLC bought a new position in FOX in the 4th quarter worth $116,000. Finally, Kaizen Advisory LLC raised its holdings in FOX by 24.3% in the 4th quarter. Kaizen Advisory LLC now owns 2,831 shares of the company’s stock worth $136,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 51.24% of the company’s stock.
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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