FedEx (NYSE:FDX – Get Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
Several other research analysts have also issued reports on the stock. Barclays lowered their price target on shares of FedEx from $330.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, December 20th. TD Cowen raised their price objective on shares of FedEx from $290.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Stifel Nicolaus lifted their price target on shares of FedEx from $282.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Bank Of America (Bofa) lifted their price target on shares of FedEx from $330.00 to $334.00 in a research report on Wednesday, December 20th. Finally, Melius raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.93.
FedEx Trading Up 1.4 %
Shares of FedEx stock opened at $253.21 on Friday. The company has a market capitalization of $63.28 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.75. FedEx has a 12-month low of $183.59 and a 12-month high of $285.53. The firm’s 50-day moving average price is $256.47 and its two-hundred day moving average price is $256.08.
FedEx (NYSE:FDX – Get Free Report) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.15). The company had revenue of $22.17 billion during the quarter, compared to the consensus estimate of $22.36 billion. FedEx had a return on equity of 16.47% and a net margin of 4.87%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $3.18 EPS. On average, analysts forecast that FedEx will post 17.76 earnings per share for the current fiscal year.
Insider Buying and Selling at FedEx
In other FedEx news, Director Amy B. Lane acquired 200 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was bought at an average price of $253.22 per share, with a total value of $50,644.00. Following the completion of the acquisition, the director now owns 3,304 shares of the company’s stock, valued at $836,638.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was acquired at an average price of $252.02 per share, with a total value of $252,020.00. Following the completion of the purchase, the executive vice president now directly owns 4,745 shares in the company, valued at $1,195,834.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane bought 200 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was purchased at an average cost of $253.22 per share, with a total value of $50,644.00. Following the purchase, the director now owns 3,304 shares of the company’s stock, valued at $836,638.88. The disclosure for this purchase can be found here. Insiders own 8.73% of the company’s stock.
Institutional Trading of FedEx
A number of institutional investors have recently made changes to their positions in the stock. Archer Investment Corp boosted its stake in shares of FedEx by 0.7% during the second quarter. Archer Investment Corp now owns 5,417 shares of the shipping service provider’s stock valued at $1,343,000 after purchasing an additional 38 shares during the period. Cascade Investment Advisors Inc. lifted its position in FedEx by 0.6% during the second quarter. Cascade Investment Advisors Inc. now owns 6,904 shares of the shipping service provider’s stock valued at $1,712,000 after buying an additional 40 shares during the period. Massachusetts Wealth Management lifted its position in FedEx by 2.9% during the second quarter. Massachusetts Wealth Management now owns 1,405 shares of the shipping service provider’s stock valued at $348,000 after buying an additional 40 shares during the period. Camarda Financial Advisors LLC lifted its position in FedEx by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 6,419 shares of the shipping service provider’s stock valued at $1,591,000 after buying an additional 40 shares during the period. Finally, M&R Capital Management Inc. lifted its position in FedEx by 0.3% during the third quarter. M&R Capital Management Inc. now owns 16,192 shares of the shipping service provider’s stock valued at $4,289,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 73.61% of the company’s stock.
About FedEx
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.