FedEx Co. (NYSE:FDX) Receives Average Rating of “Moderate Buy” from Brokerages

FedEx Co. (NYSE:FDX) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $247.57.

Several research firms recently weighed in on FDX. Sanford C. Bernstein lifted their target price on shares of FedEx from $261.00 to $284.00 in a report on Wednesday, June 21st. Credit Suisse Group reduced their target price on shares of FedEx from $273.00 to $265.00 in a report on Wednesday, June 21st. Atlantic Securities started coverage on shares of FedEx in a research note on Tuesday, June 6th. They set an “overweight” rating and a $265.00 price target on the stock. Argus lifted their price target on shares of FedEx from $240.00 to $260.00 in a research note on Monday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of FedEx from $240.00 to $282.00 in a research note on Thursday, May 18th.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Michael C. Lenz sold 5,745 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $261.88, for a total transaction of $1,504,500.60. Following the completion of the transaction, the executive vice president now directly owns 22,478 shares of the company’s stock, valued at approximately $5,886,538.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FedEx news, EVP Michael C. Lenz sold 5,745 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $261.88, for a total transaction of $1,504,500.60. Following the completion of the transaction, the executive vice president now directly owns 22,478 shares of the company’s stock, valued at approximately $5,886,538.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert B. Carter sold 19,270 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $246.00, for a total transaction of $4,740,420.00. Following the transaction, the executive vice president now directly owns 58,875 shares of the company’s stock, valued at $14,483,250. The disclosure for this sale can be found here. Insiders sold 35,816 shares of company stock valued at $8,822,147 in the last ninety days. Company insiders own 8.73% of the company’s stock.

Institutional Trading of FedEx

A number of institutional investors have recently made changes to their positions in FDX. Lakewood Asset Management LLC acquired a new stake in shares of FedEx in the 4th quarter worth approximately $26,000. Guardian Wealth Advisors LLC acquired a new stake in FedEx during the first quarter valued at approximately $26,000. GW&K Investment Management LLC acquired a new stake in FedEx during the first quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc acquired a new stake in FedEx during the second quarter valued at approximately $27,000. Finally, Horan Securities Inc. lifted its stake in FedEx by 85.7% during the first quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 60 shares during the last quarter. 73.61% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Down 0.0 %

Shares of FDX opened at $260.97 on Friday. The firm has a market cap of $65.64 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. The company’s fifty day moving average is $259.33 and its two-hundred day moving average is $234.69. FedEx has a fifty-two week low of $141.92 and a fifty-two week high of $270.95. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.85 by $0.09. The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.55 billion. FedEx had a net margin of 4.41% and a return on equity of 15.32%. FedEx’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $6.87 EPS. Analysts forecast that FedEx will post 17.3 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, September 8th. FedEx’s payout ratio is 32.52%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.