FedEx (NYSE:FDX) PT Raised to $250.00

FedEx (NYSE:FDX – Get Rating) had its target price boosted by research analysts at Citigroup from $240.00 to $250.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “buy” rating on the shipping service provider’s stock. Citigroup’s price target indicates a potential upside of 24.26% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird cut their price objective on shares of FedEx from $240.00 to $230.00 in a research report on Thursday, December 15th. The Goldman Sachs Group set a $218.00 target price on shares of FedEx in a research note on Wednesday, February 15th. Barclays set a $240.00 target price on shares of FedEx in a research note on Monday, January 2nd. UBS Group set a $225.00 target price on shares of FedEx in a research note on Thursday, February 2nd. Finally, Morgan Stanley raised their target price on shares of FedEx from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Monday, January 9th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.96.

FedEx Price Performance

FDX stock opened at $201.19 on Thursday. The firm has a 50 day moving average of $198.82 and a 200-day moving average of $182.32. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. FedEx has a 12 month low of $141.92 and a 12 month high of $248.76. The firm has a market capitalization of $50.78 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31.

FedEx (NYSE:FDX – Get Rating) last released its quarterly earnings data on Tuesday, December 20th. The shipping service provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.41. FedEx had a net margin of 3.54% and a return on equity of 19.17%. The company had revenue of $22.81 billion during the quarter, compared to analyst estimates of $23.66 billion. As a group, sell-side analysts predict that FedEx will post 13.5 earnings per share for the current fiscal year.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane bought 280 shares of FedEx stock in a transaction on Tuesday, January 3rd. The shares were acquired at an average price of $175.83 per share, for a total transaction of $49,232.40. Following the completion of the purchase, the director now directly owns 1,529 shares in the company, valued at approximately $268,844.07. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FedEx

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in FedEx in the fourth quarter valued at about $388,787,000. International Assets Investment Management LLC lifted its holdings in shares of FedEx by 24,422.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,169,490 shares of the shipping service provider’s stock worth $1,678,000 after purchasing an additional 1,164,721 shares during the period. Edmp Inc. lifted its holdings in FedEx by 21,900.8% in the fourth quarter. Edmp Inc. now owns 882,454 shares of the shipping service provider’s stock valued at $5,095,000 after acquiring an additional 878,443 shares during the period. Renaissance Technologies LLC acquired a new position in FedEx in the third quarter valued at approximately $122,633,000. Finally, Mawer Investment Management Ltd. acquired a new position in FedEx in the second quarter valued at approximately $181,239,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

FedEx Company Profile

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.