Shares of FedEx (NYSE:FDX) have been given a consensus recommendation of “Buy” by the twenty-six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $280.22.
Several research firms have weighed in on FDX. Zacks Investment Research downgraded FedEx from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Stifel Nicolaus upgraded FedEx from a “hold” rating to a “buy” rating and upped their target price for the stock from $284.00 to $295.00 in a research note on Wednesday, March 21st. Stephens set a $306.00 target price on FedEx and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Bank of America restated a “buy” rating and issued a $315.00 target price on shares of FedEx in a research note on Friday, January 12th. Finally, Wells Fargo set a $275.00 target price on FedEx and gave the stock a “buy” rating in a research note on Wednesday, December 20th.
A number of hedge funds have recently modified their holdings of FDX. Cerebellum GP LLC acquired a new position in shares of FedEx during the fourth quarter valued at approximately $125,000. Financial Engines Advisors L.L.C. acquired a new position in shares of FedEx during the third quarter valued at approximately $132,000. Massey Quick Simon & CO. LLC acquired a new position in shares of FedEx during the third quarter valued at approximately $136,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of FedEx during the fourth quarter valued at approximately $144,000. Finally, We Are One Seven LLC acquired a new position in shares of FedEx during the fourth quarter valued at approximately $148,000. Institutional investors own 74.68% of the company’s stock.
FedEx stock traded down $6.78 during trading hours on Friday, hitting $234.29. 1,447,010 shares of the stock traded hands, compared to its average volume of 2,130,503. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.37 and a current ratio of 1.43. The company has a market cap of $64,580.14, a PE ratio of 19.05, a PEG ratio of 1.25 and a beta of 1.38. FedEx has a 1 year low of $182.89 and a 1 year high of $274.66.
FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.61. The business had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. analysts predict that FedEx will post 15.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. FedEx’s dividend payout ratio is currently 16.26%.
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FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
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