FedEx Co. (NYSE:FDX) has received an average recommendation of “Buy” from the twenty-four research firms that are covering the stock. Five investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $207.91.
Several analysts have recently commented on FDX shares. Deutsche Bank AG restated a “buy” rating on shares of FedEx in a research report on Wednesday, December 21st. Morgan Stanley set a $135.00 price objective on shares of FedEx and gave the company a “neutral” rating in a research report on Tuesday, December 27th. Robert W. Baird raised their price objective on shares of FedEx from $209.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, March 23rd. BMO Capital Markets upgraded shares of FedEx from a “market perform” rating to an “outperform” rating and set a $220.00 price objective on the stock in a research report on Monday, March 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $233.00 price objective on shares of FedEx in a research report on Wednesday, December 21st.
FedEx (NYSE:FDX) traded down 0.68% during mid-day trading on Monday, reaching $185.04. 1,241,237 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $193.04 and its 200 day moving average price is $187.22. The firm has a market cap of $49.47 billion, a price-to-earnings ratio of 26.31 and a beta of 1.14. FedEx has a one year low of $145.00 and a one year high of $201.57.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 21st. The shipping service provider reported $2.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.62 by $0.27. FedEx had a return on equity of 22.02% and a net margin of 3.35%. The business earned $15 billion during the quarter, compared to the consensus estimate of $15 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts forecast that FedEx will post $11.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 13th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. FedEx’s payout ratio is currently 23.46%.
In other FedEx news, CEO Michael L. Ducker sold 12,899 shares of FedEx stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $193.88, for a total value of $2,500,858.12. Following the completion of the transaction, the chief executive officer now directly owns 61,779 shares of the company’s stock, valued at approximately $11,977,712.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Walsh sold 4,400 shares of FedEx stock in a transaction on Friday, April 7th. The stock was sold at an average price of $196.38, for a total transaction of $864,072.00. Following the completion of the transaction, the director now directly owns 14,400 shares of the company’s stock, valued at $2,827,872. The disclosure for this sale can be found here. Insiders sold a total of 95,178 shares of company stock valued at $18,442,302 over the last three months. Corporate insiders own 8.67% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Bank of The Ozarks boosted its position in FedEx by 3.6% in the third quarter. Bank of The Ozarks now owns 9,405 shares of the shipping service provider’s stock worth $1,643,000 after buying an additional 330 shares in the last quarter. Principal Financial Group Inc. boosted its position in FedEx by 1.6% in the third quarter. Principal Financial Group Inc. now owns 365,575 shares of the shipping service provider’s stock worth $63,859,000 after buying an additional 5,615 shares in the last quarter. Ariel Capital Advisors LLC boosted its position in FedEx by 5.7% in the third quarter. Ariel Capital Advisors LLC now owns 11,827 shares of the shipping service provider’s stock worth $2,066,000 after buying an additional 643 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in FedEx during the fourth quarter worth approximately $17,335,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in FedEx by 12.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 48,944 shares of the shipping service provider’s stock worth $9,113,000 after buying an additional 5,435 shares in the last quarter. 75.22% of the stock is owned by institutional investors and hedge funds.
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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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