StockNews.com Downgrades FedEx (NYSE:FDX) to Buy

StockNews.com cut shares of FedEx (NYSE:FDXGet Rating) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

FDX has been the topic of several other research reports. Wells Fargo & Company lowered their price target on FedEx from $314.00 to $277.00 and set an overweight rating on the stock in a research report on Friday, March 18th. Stephens lowered their price target on FedEx from $345.00 to $285.00 and set an overweight rating on the stock in a research report on Friday, March 18th. Deutsche Bank Aktiengesellschaft decreased their target price on FedEx from $310.00 to $298.00 and set a buy rating on the stock in a report on Monday, March 21st. Barclays decreased their target price on FedEx from $345.00 to $320.00 in a report on Friday, March 18th. Finally, KeyCorp decreased their target price on FedEx from $325.00 to $300.00 and set an overweight rating on the stock in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $299.55.

NYSE FDX traded up $3.79 during trading on Monday, hitting $204.69. The stock had a trading volume of 1,645,510 shares, compared to its average volume of 2,454,379. The company has a market capitalization of $53.05 billion, a PE ratio of 10.74, a P/E/G ratio of 0.81 and a beta of 1.32. The company’s 50-day moving average price is $211.68 and its two-hundred day moving average price is $230.77. 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 has a 12 month low of $192.82 and a 12 month high of $319.90.

FedEx (NYSE:FDXGet Rating) last released its earnings results on Thursday, March 17th. The shipping service provider reported $4.59 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.10). The firm had revenue of $23.64 billion during the quarter, compared to the consensus estimate of $23.33 billion. FedEx had a net margin of 5.60% and a return on equity of 20.67%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.47 EPS. As a group, equities analysts anticipate that FedEx will post 20.56 earnings per share for the current fiscal year.

In other news, Director Paul S. Walsh sold 3,720 shares of the stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $206.42, for a total value of $767,882.40. Following the completion of the sale, the director now owns 14,000 shares of the company’s stock, valued at $2,889,880. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.16% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its stake in FedEx by 18.9% during the first quarter. Advisory Services Network LLC now owns 26,432 shares of the shipping service provider’s stock worth $6,116,000 after purchasing an additional 4,202 shares during the period. Greylin Investment Mangement Inc. grew its stake in FedEx by 1.7% during the first quarter. Greylin Investment Mangement Inc. now owns 23,999 shares of the shipping service provider’s stock worth $5,553,000 after purchasing an additional 403 shares during the period. Toroso Investments LLC grew its stake in FedEx by 10.0% during the first quarter. Toroso Investments LLC now owns 21,509 shares of the shipping service provider’s stock worth $4,977,000 after purchasing an additional 1,956 shares during the period. Chicago Partners Investment Group LLC grew its stake in FedEx by 15.2% during the first quarter. Chicago Partners Investment Group LLC now owns 1,418 shares of the shipping service provider’s stock worth $289,000 after purchasing an additional 187 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in FedEx by 5.8% during the first quarter. Orion Portfolio Solutions LLC now owns 2,046 shares of the shipping service provider’s stock worth $473,000 after purchasing an additional 113 shares during the period. 79.92% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile (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.

Further Reading

Analyst Recommendations for FedEx (NYSE:FDX)

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