Robert W. Baird Increases FedEx (NYSE:FDX) Price Target to $280.00

FedEx (NYSE:FDX) had its price target increased by equities research analysts at Robert W. Baird from $270.00 to $280.00 in a report issued on Thursday, March 15th. The firm presently has an “outperform” rating on the shipping service provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 19.51% from the company’s previous close.

FDX has been the subject of a number of other research reports. Oppenheimer reissued a “buy” rating and set a $265.00 target price (up previously from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets reissued a “buy” rating and set a $300.00 target price on shares of FedEx in a research report on Monday, January 8th. Sanford C. Bernstein set a $212.00 target price on shares of FedEx and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Finally, Bank of America reissued a “buy” rating and set a $315.00 target price on shares of FedEx in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $281.51.

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Shares of FDX stock opened at $234.29 on Thursday. The stock has a market cap of $64,580.14, a PE ratio of 19.05, a P/E/G 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. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.37 and a current ratio of 1.43.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.61. The firm had revenue of $16.53 billion during the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a net margin of 6.99% and a return on equity of 21.65%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. analysts forecast that FedEx will post 15.14 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ingalls & Snyder LLC lifted its stake in FedEx by 2.4% during the fourth quarter. Ingalls & Snyder LLC now owns 8,119 shares of the shipping service provider’s stock worth $2,026,000 after purchasing an additional 193 shares during the last quarter. Bremer Trust National Association lifted its stake in FedEx by 2.6% during the fourth quarter. Bremer Trust National Association now owns 7,822 shares of the shipping service provider’s stock worth $1,952,000 after purchasing an additional 197 shares during the last quarter. Central Bank & Trust Co. lifted its stake in FedEx by 2.2% during the fourth quarter. Central Bank & Trust Co. now owns 9,345 shares of the shipping service provider’s stock worth $2,332,000 after purchasing an additional 201 shares during the last quarter. Cobiz Wealth LLC lifted its stake in FedEx by 0.8% during the fourth quarter. Cobiz Wealth LLC now owns 25,472 shares of the shipping service provider’s stock worth $6,356,000 after purchasing an additional 202 shares during the last quarter. Finally, MAI Capital Management lifted its stake in FedEx by 14.1% during the fourth quarter. MAI Capital Management now owns 1,632 shares of the shipping service provider’s stock worth $407,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 74.68% of the company’s stock.

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About FedEx

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.

Analyst Recommendations for FedEx (NYSE:FDX)

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