Needham Issues a Hold Rating on Fox (FOXA)

In a report released today, Laura Martin from Needham assigned a Hold rating to Fox (FOXAResearch Report). The company’s shares closed last Thursday at $31.11.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 33.6% and a 69.6% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.

Fox has an analyst consensus of Moderate Buy, with a price target consensus of $31.00, representing a 0.9% upside. In a report issued on January 19, Barclays also maintained a Hold rating on the stock with a $29.00 price target.

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Fox’s market cap is currently $18.47B and has a P/E ratio of 11.40. The company has a Price to Book ratio of 4.26.

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Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. It empowers a diverse range of creators to imagine and develops culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking. The company was founded on May 3, 2018 and is headquartered in New York, NY.