FedEx (NYSE:FDX) Downgraded by StockNews.com

FedEx (NYSE:FDXGet Rating) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein set a $333.00 target price on FedEx in a research report on Friday, March 11th. Morgan Stanley cut their target price on FedEx from $250.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 2nd. Barclays set a $320.00 target price on FedEx in a research report on Wednesday, June 15th. KeyCorp cut their target price on FedEx from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, March 14th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $300.00 target price on shares of FedEx in a research report on Monday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $298.30.

Shares of NYSE FDX opened at $229.90 on Tuesday. The company has a market capitalization of $59.59 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.39 and a quick ratio of 1.35. The business has a 50-day moving average of $211.00 and a two-hundred day moving average of $227.19. FedEx has a 1 year low of $192.82 and a 1 year high of $304.59.

In other news, Director Paul S. Walsh sold 3,720 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The stock was 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 approximately $2,889,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.16% of the company’s stock.

Several large investors have recently made changes to their positions in FDX. Dodge & Cox boosted its stake in shares of FedEx by 22.2% during the 4th quarter. Dodge & Cox now owns 16,674,920 shares of the shipping service provider’s stock worth $4,312,801,000 after acquiring an additional 3,031,046 shares in the last quarter. Norges Bank purchased a new stake in shares of FedEx during the 4th quarter worth approximately $593,029,000. Assenagon Asset Management S.A. boosted its stake in shares of FedEx by 11,807.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 548,918 shares of the shipping service provider’s stock worth $127,014,000 after acquiring an additional 544,308 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of FedEx by 24,340.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 490,284 shares of the shipping service provider’s stock worth $113,447,000 after acquiring an additional 488,278 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. 79.92% of the stock is currently 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.

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