Shares of FedEx Co. (NYSE:FDX) have been given an average recommendation of “Buy” by the thirty-one ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $240.08.
A number of research firms recently weighed in on FDX. Wells Fargo & Company boosted their target price on FedEx from $221.00 to $286.00 and gave the stock an “overweight” rating in a research report on Wednesday. Daiwa Capital Markets boosted their target price on FedEx from $104.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. BMO Capital Markets upped their price target on FedEx from $130.00 to $150.00 and gave the company a “market perform” rating in a report on Wednesday, July 1st. BofA Securities upped their price target on FedEx from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Argus upgraded FedEx from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Monday, July 6th.
In other FedEx news, EVP Robert B. Carter sold 21,480 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $157.53, for a total transaction of $3,383,744.40. Following the completion of the sale, the executive vice president now directly owns 74,366 shares in the company, valued at approximately $11,714,875.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 10,570 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $155.58, for a total value of $1,644,480.60. Following the sale, the director now owns 16,600 shares of the company’s stock, valued at $2,582,628. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,058 shares of company stock valued at $7,149,678. 8.49% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Profund Advisors LLC boosted its holdings in shares of FedEx by 2.3% during the 2nd quarter. Profund Advisors LLC now owns 2,782 shares of the shipping service provider’s stock worth $390,000 after purchasing an additional 63 shares during the last quarter. Glassman Wealth Services boosted its holdings in shares of FedEx by 4.8% during the 2nd quarter. Glassman Wealth Services now owns 1,410 shares of the shipping service provider’s stock worth $198,000 after purchasing an additional 64 shares during the last quarter. SevenBridge Financial Group LLC boosted its holdings in shares of FedEx by 0.7% during the 2nd quarter. SevenBridge Financial Group LLC now owns 9,602 shares of the shipping service provider’s stock worth $1,346,000 after purchasing an additional 67 shares during the last quarter. Tiemann Investment Advisors LLC boosted its holdings in shares of FedEx by 4.9% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,518 shares of the shipping service provider’s stock worth $213,000 after purchasing an additional 71 shares during the last quarter. Finally, Heron Financial Group LLC lifted its holdings in FedEx by 2.5% in the second quarter. Heron Financial Group LLC now owns 3,078 shares of the shipping service provider’s stock valued at $488,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.
FedEx stock opened at $236.67 on Wednesday. FedEx has a 52-week low of $88.69 and a 52-week high of $241.00. The stock’s 50 day moving average price is $204.74 and its two-hundred day moving average price is $148.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.58. The stock has a market capitalization of $62.01 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 1.84 and a beta of 1.48.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 15th. The shipping service provider reported $4.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $2.18. FedEx had a return on equity of 13.49% and a net margin of 1.86%. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.56 billion. During the same period in the prior year, the firm posted $3.05 EPS. FedEx’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that FedEx will post 10.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $2.60 annualized dividend and a yield of 1.10%. FedEx’s dividend payout ratio (DPR) is currently 27.37%.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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