Macquarie Sticks to Its Buy Rating for Formula One Group (FWONA)

By Ryan Adsit

Macquarie analyst Amy Yong maintained a Buy rating on Formula One Group (NASDAQ: FWONA) on August 8 and set a price target of $39. The company’s shares closed on Friday at $33.67.

According to, Yong is a 4-star analyst with an average return of 6.1% and a 55.7% 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 Madison Square Garden Co.

Formula One Group has an analyst consensus of Moderate Buy, with a price target consensus of $46.50, implying a 38.1% upside from current levels. In a report issued on August 10, Pivotal Research also reiterated a Buy rating on the stock with a $54 price target.


See today’s analyst top recommended stocks >>

Formula One Group’s market cap is currently $7.77B and has a P/E ratio of 23.71. The company has a Price to Book ratio of 1.37.

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 and ownership of various media, communications, and entertainment businesses. It operates through the SIRIUS XM and Formula 1 segments. The SIRIUS XM provides a subscription based satellite radio service.