With over 5.71 million Fox Corporation (FOXA) shares trading Monday and a closing price of $30.64 on the day, the dollar volume was approximately $175.04 million. The shares have shown a negative half year performance of -2.14% and its price on 11/20/23 gained nearly 0.92%. Currently, there are 262.90M common shares owned by the public and among those 248.03M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for FOXA have a consensus price objective of $34.58. The analysts have set the share’s price value over the next 12 months at a high of $44.00 and a low of $26.00. The average price target is 11.39% above its recent price level and a downside to the estimated low will see the stock lose -17.85% over that period. But an upside of 30.36% will see the stock hit the forecast high price target while median target price for the stock is $34.00.
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Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,045,755 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 963,860 shares.
Shares of Fox Corporation (NASDAQ: FOXA) opened at $30.39, up $0.03 from a prior closing price of $30.36. However, the script later moved the day high at 30.85, up 0.92%. The company’s stock has a 5-day price change of 3.55% and -6.76% over the past three months. FOXA shares are trading 0.89% year to date (YTD), with the 12-month market performance up to 0.03% higher. It has a 12-month low price of $28.67 and touched a high of $37.26 over the same period. FOXA has an average intraday trading volume of 3.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.99%, -0.74%, and -6.43% respectively.
Institutional ownership of Fox Corporation (NASDAQ: FOXA) shares accounts for 55.16% of the company’s 262.90M shares outstanding.
It has a market capitalization of $14.88B and a beta (3y monthly) value of 0.85. The stock’s trailing 12-month PE ratio is 15.04, while the earnings-per-share (ttm) stands at $2.04. The company has a PEG of 18.79 and a Quick Ratio of 1.81 with the debt-to-equity ratio at 0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.73% over the month.
Analysts forecast that Fox Corporation (FOXA) will achieve an EPS of $0.05 for the current quarter, $1.07 for the next quarter and $3.84 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.46%, and 22.48% over the next financial year. EPS should grow at an annualized rate of 0.80% over the next five years, compared to -7.92% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Fox Corporation (FOXA) as a “Moderate Buy” at a consensus score of 2.86. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 17 of the 28 advise that investors “hold,” and 4 rated it as a “Sell.”
Looking at the support for the FOXA, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on November 03, 2023, with the firm’s price target at $40-$36.
