Liberty Media Formula One Series A (NASDAQ:FWONA) Receives Consensus Recommendation of “Buy” from Analysts
Liberty Media Formula One Series A (NASDAQ:FWONA) has been assigned an average rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.00.
A number of research analysts have recently commented on the company. Macquarie cut Wipro from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 16th. ValuEngine cut Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. B. Riley set a $7.00 target price on Unique Fabricating and gave the company a “buy” rating in a research note on Thursday, May 16th. Evercore ISI began coverage on Liberty Media Formula One Series A in a research note on Thursday, May 23rd. They set an “outperform” rating and a $40.00 target price on the stock. Finally, TheStreet lowered Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th.
In related news, Director Andrea L. Wong sold 1,741 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total value of $46,153.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of FWONA traded up $0.03 during mid-day trading on Friday, reaching $36.40. 215,425 shares of the company’s stock traded hands, compared to its average volume of 134,259. The stock has a market capitalization of $8.41 billion, a PE ratio of -56.00 and a beta of 0.92. The firm’s 50-day moving average is $36.19. Liberty Media Formula One Series A has a 12 month low of $26.63 and a 12 month high of $38.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.44 and a current ratio of 0.44.
Liberty Media Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, May 9th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.09). The business had revenue of $246.00 million for the quarter. Liberty Media Formula One Series A had a negative net margin of 14.34% and a negative return on equity of 1.25%.
Liberty Media Formula One Series A Company Profile
Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.
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