JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FOX (NASDAQ:FOXA) Stock

FOX (NASDAQ:FOXA) had its target price raised by stock analysts at JPMorgan Chase & Co. from $65.00 to $69.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.67% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. UBS Group upped their price target on FOX from $76.00 to $78.00 and gave the company a “buy” rating in a report on Thursday. Barclays dropped their target price on shares of FOX from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday. Arete Research upgraded shares of FOX from a “neutral” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, October 28th. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price objective on shares of FOX in a research note on Wednesday. Finally, Evercore ISI boosted their target price on FOX from $66.00 to $70.00 and gave the company an “in-line” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.07.

FOX Trading Down 2.7%

Shares of FOX stock traded down $1.81 during trading hours on Thursday, hitting $65.92. The company’s stock had a trading volume of 6,608,488 shares, compared to its average volume of 3,538,521. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24. FOX has a twelve month low of $46.42 and a twelve month high of $76.39. The firm has a fifty day moving average of $71.73 and a 200-day moving average of $64.19.

FOX (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.35. FOX had a net margin of 12.35% and a return on equity of 18.61%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. FOX’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts forecast that FOX will post 4.38 EPS for the current year.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $59.26, for a total transaction of $5,926,000.00. Following the completion of the sale, the chairman owned 1,100,862 shares in the company, valued at approximately $65,237,082.12. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 29,897 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the transaction, the insider directly owned 35,978 shares in the company, valued at approximately $2,502,269.90. This represents a 45.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 437,050 shares of company stock worth $28,347,106 over the last three months. 19.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in FOX by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,924,975 shares of the company’s stock valued at $121,389,000 after purchasing an additional 16,757 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of FOX by 72.0% in the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock worth $101,948,000 after buying an additional 762,645 shares during the period. Andra AP fonden grew its stake in shares of FOX by 2.6% in the third quarter. Andra AP fonden now owns 944,500 shares of the company’s stock valued at $59,560,000 after buying an additional 23,700 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of FOX during the 4th quarter valued at about $67,467,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in FOX by 9.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 662,247 shares of the company’s stock worth $41,761,000 after acquiring an additional 56,234 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Q2 results beat: FOXA reported $0.82 EPS vs. $0.47 consensus and revenue of $5.18B (vs. $5.02B est.), driven by sports, cable ad strength and streaming (Tubi). The beat is the primary fundamental positive investors are wrestling with. Fox beats estimates for quarterly revenue (Reuters)
• Positive Sentiment: Morgan Stanley raised its price target to $77 and kept an “equal weight” rating — implying ~16.8% upside from the current price — which supports upside potential after the quarter. Morgan Stanley raises PT to $77 (The Fly)
• Positive Sentiment: Evercore ISI raised its target to $70 with an “in-line” rating (about 6.2% upside), another incremental vote of confidence from the sell‑side. Evercore raises PT to $70 (The Fly)
• Positive Sentiment: Dividend declared: FOXA announced a $0.28/share dividend (record Mar 4; payable Mar 25), which supports income‑oriented holders and can underpin the share price over time.
• Neutral Sentiment: Company commentary / deep dives: Coverage highlights that growth was broad‑based (news, sports, streaming/Tubi and a strong World Series season) — useful context for medium‑term revenue visibility but not a single catalyst. FOXA Q4 Deep Dive (Yahoo)
• Negative Sentiment: Wells Fargo reaffirmed an “equal weight” rating but cut its price target from $80 to $75 — the downgrade of the target (even if still implying upside) added a negative data point that likely contributed to the intraday pullback. Wells Fargo lowers PT to $75 (The Fly)

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.