Macquarie Believes Formula One Group (FWONA) Still Has Room to Grow


Macquarie analyst Amy Yong maintained a Buy rating on Formula One Group (FWONA) on April 12 and set a price target of $43. The company’s shares closed yesterday at $36.77, close to its 52-week high of $37.32.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 6.1% and a 55.9% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Live Nation Entertainment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Formula One Group with a $42 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $37.32 and a one-year low of $26.63. Currently, Formula One Group has an average volume of 122.2K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the SIRIUS XM and Formula 1 segments. The SIRIUS XM segment provides subscription based satellite radio service.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts