FedEx (NYSE:FDX) PT Set at $330.00 by Berenberg Bank

FedEx (NYSE:FDX – Get Rating) has been assigned a $330.00 price target by Berenberg Bank in a research note issued to investors on Friday, Borsen Zeitung reports. Berenberg Bank’s target price would indicate a potential upside of 50.23% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of FedEx from $314.00 to $277.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. Sanford C. Bernstein set a $333.00 target price on shares of FedEx in a research note on Friday, March 11th. KeyCorp cut their target price on shares of FedEx from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, March 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of FedEx from $310.00 to $298.00 and set a “buy” rating for the company in a research note on Monday, March 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of FedEx from $297.00 to $282.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $299.55.

Shares of FDX traded up $7.38 during midday trading on Friday, reaching $219.67. The stock had a trading volume of 2,138,443 shares, compared to its average volume of 2,437,114. The firm has a 50 day simple moving average of $210.66 and a 200-day simple moving average of $230.16. FedEx has a one year low of $192.82 and a one year high of $318.54. The firm has a market cap of $56.93 billion, a PE ratio of 11.53, a P/E/G ratio of 0.81 and a beta of 1.32. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings data on Thursday, March 17th. The shipping service provider reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.10). FedEx had a net margin of 5.60% and a return on equity of 20.67%. The firm had revenue of $23.64 billion during the quarter, compared to the consensus estimate of $23.33 billion. During the same period last year, the business earned $3.47 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that FedEx will post 20.56 EPS for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in FedEx by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 18,784,798 shares of the shipping service provider’s stock worth $4,346,614,000 after acquiring an additional 394,289 shares during the last quarter. Dodge & Cox lifted its position in shares of FedEx by 22.2% in the 4th quarter. Dodge & Cox now owns 16,674,920 shares of the shipping service provider’s stock worth $4,312,801,000 after purchasing an additional 3,031,046 shares during the period. Primecap Management Co. CA lifted its position in shares of FedEx by 0.3% in the 1st quarter. Primecap Management Co. CA now owns 13,237,477 shares of the shipping service provider’s stock worth $3,063,020,000 after purchasing an additional 41,945 shares during the period. Geode Capital Management LLC lifted its position in shares of FedEx by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 4,062,836 shares of the shipping service provider’s stock worth $1,047,785,000 after purchasing an additional 153,131 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of FedEx by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,404,754 shares of the shipping service provider’s stock worth $556,512,000 after purchasing an additional 78,183 shares during the period. 79.92% of the stock is currently owned by institutional investors.

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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