Breaking: Liberty Formula One Group (FWONK) Overweight Rating Reaffirmed by Analysts at Morgan Stanley Today; The PT is $42

May 24, 2018 - By Winifred Garcia

Liberty Formula One Group (FWONK) Rating Reaffirmed

The financial firm has just set a target of $42 on Liberty Formula One Group (FWONK) shares. This is 35.79 % from the last price. In a note sent to clients and investors on Thursday morning, Morgan Stanley restate their Overweight rating on shares of FWONK.

Formula One Group (NASDAQ:FWONK) Ratings Coverage

Among 2 analysts covering Liberty Formula One Group (FWONK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liberty Formula One Group had 2 analyst reports since January 30, 2018 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, April 16 by Barclays Capital. The firm earned “Overweight” rating on Tuesday, January 30 by Morgan Stanley.

The stock decreased 1.53% or $0.48 during the last trading session, reaching $30.93. About 559,969 shares traded. Formula One Group (FWONK) has 0.00% since May 24, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Formula One Group (NASDAQ:FWONK) to report earnings on August, 8. They expect $-0.03 EPS, up 76.92 % or $0.10 from last year’s $-0.13 per share. After $-0.07 actual EPS reported by Formula One Group for the previous quarter, Wall Street now forecasts -57.14 % EPS growth.

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. The company has market cap of $7.10 billion. Formula One Group was formerly known as The Liberty Media Group. It has a 27.99 P/E ratio. The firm is based in Englewood, Colorado.

Formula One Group (NASDAQ:FWONK) Ratings Chart

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