FedEx Co. (NYSE:FDX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of FedEx Co. (NYSE:FDXGet Rating) have been given an average recommendation of “Buy” by the twenty-five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $298.10.

FDX has been the subject of a number of analyst reports. Sanford C. Bernstein set a $333.00 target price on shares of FedEx in a research report on Friday, March 11th. Credit Suisse Group set a $294.00 target price on shares of FedEx in a research report on Friday, March 18th. Citigroup decreased their target price on shares of FedEx from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, March 18th. Bank of America decreased their price target on shares of FedEx from $297.00 to $280.00 and set a “buy” rating for the company in a report on Friday, March 18th. Finally, Morgan Stanley decreased their price target on shares of FedEx from $260.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, March 18th.

Shares of FDX opened at $209.19 on Thursday. The company has a 50 day moving average price of $217.76 and a 200-day moving average price of $234.78. FedEx has a fifty-two week low of $199.03 and a fifty-two week high of $319.90. The stock has a market capitalization of $54.22 billion, a PE ratio of 10.98, a PEG ratio of 0.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.39.

FedEx (NYSE:FDXGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.05). FedEx had a return on equity of 20.67% and a net margin of 5.60%. The business had revenue of $23.64 billion during the quarter, compared to analysts’ expectations of $23.33 billion. During the same period in the previous year, the company posted $3.47 EPS. FedEx’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts forecast that FedEx will post 20.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, March 7th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, March 4th. FedEx’s payout ratio is 15.75%.

In other FedEx news, Director Paul S. Walsh sold 3,720 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $206.42, for a total transaction of $767,882.40. Following the sale, the director now owns 14,000 shares of the company’s stock, valued at $2,889,880. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.16% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC purchased a new position in FedEx in the 4th quarter valued at $25,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in FedEx in the 4th quarter valued at $26,000. Holloway Wealth Management LLC purchased a new position in FedEx in the 1st quarter valued at $29,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in FedEx in the 4th quarter valued at $33,000. Finally, Level Financial Advisors Inc. purchased a new stake in shares of FedEx during the 4th quarter worth $34,000. 77.76% of the stock is currently owned by institutional investors and hedge funds.

About FedEx (Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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