Media headlines about FedEx (NYSE:FDX) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FedEx earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned headlines about the shipping service provider an impact score of 44.6024953841957 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on the stock. Bank of America reiterated a “buy” rating and issued a $315.00 price objective on shares of FedEx in a research note on Friday. BMO Capital Markets reiterated a “buy” rating and issued a $300.00 price objective on shares of FedEx in a research note on Monday, January 8th. Robert W. Baird restated a “buy” rating and set a $280.00 target price on shares of FedEx in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “buy” rating and set a $297.00 target price for the company in a research report on Friday, January 5th. Finally, UBS Group upgraded shares of FedEx from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $264.00 to $302.00 in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. FedEx currently has a consensus rating of “Buy” and an average price target of $269.95.
Shares of FedEx (NYSE:FDX) opened at $271.85 on Friday. FedEx has a twelve month low of $182.89 and a twelve month high of $271.90. The stock has a market cap of $72,830.00, a P/E ratio of 24.99, a P/E/G ratio of 1.63 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.
FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. FedEx’s revenue was up 9.4% compared to the same quarter last year. equities analysts anticipate that FedEx will post 13.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.74%. FedEx’s dividend payout ratio is currently 18.38%.
In other FedEx news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the sale, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David J. Bronczek sold 46,555 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,671 shares of company stock valued at $17,137,160. 8.45% of the stock is owned by insiders.
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FedEx Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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