Evercore ISI Forecasts Strong Price Appreciation for FOX (NASDAQ:FOXA) Stock

FOX (NASDAQ:FOXA) had its price objective upped by research analysts at Evercore ISI from $66.00 to $70.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 6.52% from the stock’s previous close.

FOXA has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of FOX from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. UBS Group increased their price objective on shares of FOX from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen reissued a “hold” rating on shares of FOX in a report on Thursday. Finally, Arete Research raised FOX from a “neutral” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.

FOX Price Performance

NASDAQ FOXA traded down $2.01 on Thursday, reaching $65.72. The company had a trading volume of 1,386,552 shares, compared to its average volume of 3,304,766. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. FOX has a 12 month low of $46.42 and a 12 month high of $76.39. The firm’s 50 day moving average price is $71.73 and its 200 day moving average price is $64.19. The stock has a market capitalization of $29.17 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.51.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.47 by $0.35. FOX had a return on equity of 18.61% and a net margin of 12.35%.The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that FOX will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 138,397 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $66.54, for a total value of $9,208,936.38. Following the completion of the transaction, the chief financial officer owned 180,556 shares in the company, valued at $12,014,196.24. This represents a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 29,897 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total value of $2,079,336.35. Following the completion of the sale, the insider directly owned 35,978 shares of the company’s stock, valued at $2,502,269.90. The trade was a 45.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 437,050 shares of company stock worth $28,347,106 in the last ninety days. 19.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab acquired a new position in shares of FOX during the fourth quarter valued at approximately $67,467,000. Ameriprise Financial Inc. boosted its holdings in FOX by 72.0% during 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 in the last quarter. CSM Advisors LLC bought a new position in shares of FOX in the second quarter valued at $25,787,000. Lazard Asset Management LLC boosted its position in shares of FOX by 624.5% in the 2nd quarter. Lazard Asset Management LLC now owns 281,126 shares of the company’s stock valued at $15,753,000 after purchasing an additional 242,321 shares during the period. Finally, Marshall Wace LLP lifted its stake in FOX by 415.7% during the second quarter. Marshall Wace LLP now owns 230,570 shares of the company’s stock valued at $12,921,000 after buying an additional 185,859 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: FOX beat Q2 estimates — EPS $0.82 vs. consensus $0.47 and revenue $5.18B vs. $5.02B — driven by ad strength at news and sports networks and overall cable growth. This earnings/revenue beat is the primary bullish catalyst cited by multiple outlets. Article Title
• Positive Sentiment: Management and press highlight broad-based growth: a seven-game World Series tailwind, continued Fox News strength and accelerating ad-supported streaming performance at Tubi — factors underpinning revenue and ad upside. Article Title
• Positive Sentiment: Fox declared a $0.28 per-share dividend (record date March 4, payable March 25), which supports income-focused investor interest and adds to total shareholder return potential. (Note: some summaries reported an anomalous yield figure — focus on the declared $0.28 per-share payment.)
• Neutral Sentiment: Several analyst and trade write-ups provide deeper metric-by-metric context (Zacks, Seeking Alpha, industry press), useful for assessing sustainability of ad and streaming trends versus one-time event tailwinds. Article Title
• Negative Sentiment: Wells Fargo reaffirmed an “equal weight” rating but trimmed its price target from $80 to $75 — a modest negative signal that tempers upside expectations even though the new target still implies roughly mid-teens upside from current levels. Article Title

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.