Fox Corporation (NASDAQ:FOX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Fox Corporation (NASDAQ:FOX) have received an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $74.3333.

A number of equities research analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of FOX in a research note on Friday, July 17th. Rothschild & Co Redburn set a $71.00 price target on shares of FOX in a report on Friday, July 10th. Weiss Ratings downgraded shares of FOX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continues to publish a high volume of political, international-security, crime, health, and human-interest coverage, including developments involving Iran, U.S. defense policy, wildfires, and public officials. Sustained breaking-news activity can support audience engagement and advertising visibility. Trump cancels Iran strikes at countries’ request ahead of Monday talks
• Neutral Sentiment: Several opinion and interview segments addressed COVID-19 coverage, RFK Jr.’s criticism of the media, immigration, Iran, and U.S. politics. These topics reinforce Fox News’ core audience positioning but are unlikely to materially change Fox Corporation’s near-term financial outlook. RFK Jr torches CNN anchor Dana Bash for press malpractice
• Neutral Sentiment: Sports and entertainment items—including Caitlin Clark, the Guardians-Diamondbacks incident, Morgan Wallen, and a musician removed from a tour—add breadth to Fox’s digital-media output, but no article indicates a meaningful change to advertising, distribution, or licensing economics. Gavin Williams’ perfect game bid leads to benches-clearing altercation
• Negative Sentiment: Continued highly polarizing political commentary and controversy surrounding COVID-19 coverage could create brand-safety or advertiser-sensitivity concerns. However, the provided reports offer no evidence of advertiser losses, regulatory action, or a direct financial impact on FOX. Our enemies found a weakness in essential technology

Institutional Investors Weigh In On FOX

A number of hedge funds and other institutional investors have recently modified their holdings of FOX. Versant Capital Management Inc lifted its holdings in shares of FOX by 42.3% in the 2nd quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock worth $40,000 after acquiring an additional 251 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of FOX by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 16,997 shares of the company’s stock valued at $1,107,000 after purchasing an additional 259 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of FOX by 1.1% in the 2nd quarter. Baird Financial Group Inc. now owns 31,707 shares of the company’s stock worth $1,637,000 after buying an additional 343 shares during the period. Brown Brothers Harriman & Co. lifted its stake in FOX by 336.9% in the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after acquiring an additional 475 shares during the period. Finally, Arlington Partners LLC lifted its position in shares of FOX by 12.4% in the 2nd quarter. Arlington Partners LLC now owns 5,054 shares of the company’s stock worth $237,000 after purchasing an additional 556 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Trading Up 1.3%

Shares of FOX stock opened at $52.62 on Tuesday. FOX has a 1 year low of $44.08 and a 1 year high of $68.18. The stock has a fifty day moving average price of $51.95 and a 200-day moving average price of $54.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. The firm has a market cap of $22.11 billion, a PE ratio of 13.88, a P/E/G ratio of 1.48 and a beta of 0.57.

FOX (NASDAQ:FOX) last released its earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.30. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. Equities research analysts anticipate that FOX will post 4.78 EPS for the current year.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.