FedEx (NYSE:FDX) Earns “Buy” Rating from BMO Capital Markets

FedEx (NYSE:FDX)‘s stock had its “buy” rating reissued by BMO Capital Markets in a report issued on Monday, January 8th. They presently have a $300.00 target price on the shipping service provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 10.83% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Loop Capital boosted their target price on shares of FedEx to $318.00 in a research note on Thursday, January 4th. Citigroup reissued a “buy” rating and set a $235.00 price objective on shares of FedEx in a research report on Thursday, September 14th. Robert W. Baird reissued a “buy” rating and set a $235.00 price objective on shares of FedEx in a research report on Tuesday, September 12th. Cowen reissued a “buy” rating and set a $240.00 price objective on shares of FedEx in a research report on Tuesday, September 12th. Finally, Oppenheimer reissued a “buy” rating and set a $229.00 price objective on shares of FedEx in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $269.95.

Shares of FedEx (FDX) traded up $1.11 during midday trading on Monday, reaching $270.69. 786,876 shares of the company were exchanged, compared to its average volume of 1,998,680. FedEx has a 52 week low of $182.89 and a 52 week high of $273.16. The stock has a market cap of $72,420.00, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. The company had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. equities research analysts predict that FedEx will post 13.13 earnings per share for the current year.

In other news, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold a total of 68,671 shares of company stock valued at $17,137,160 in the last three months. Insiders own 8.45% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. boosted its stake in shares of FedEx by 45.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,552 shares of the shipping service provider’s stock valued at $1,136,000 after purchasing an additional 1,431 shares in the last quarter. Creative Planning boosted its stake in shares of FedEx by 5.7% during the fourth quarter. Creative Planning now owns 18,690 shares of the shipping service provider’s stock valued at $4,664,000 after purchasing an additional 1,015 shares in the last quarter. Bach Investment Advisors Ltd bought a new position in shares of FedEx during the fourth quarter valued at approximately $405,000. National Pension Service boosted its stake in shares of FedEx by 4.9% during the fourth quarter. National Pension Service now owns 222,131 shares of the shipping service provider’s stock valued at $55,431,000 after purchasing an additional 10,291 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its stake in shares of FedEx by 2.2% during the fourth quarter. Central Bank & Trust Co. now owns 9,345 shares of the shipping service provider’s stock valued at $2,332,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

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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.

Analyst Recommendations for FedEx (NYSE:FDX)

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