FedEx (NYSE:FDX) Upgraded to “Strong-Buy” at Wall Street Zen

FedEx (NYSE:FDX) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also issued reports on FDX. Morgan Stanley boosted their target price on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. Wells Fargo & Company increased their price target on FedEx from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Wolfe Research lifted their price target on FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. BNP Paribas Exane set a $280.00 price objective on FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Argus upped their price objective on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $393.85.

FedEx Trading Down 0.1%

Shares of NYSE:FDX opened at $361.42 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market capitalization of $86.24 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.59 and a beta of 1.28. FedEx has a 1-year low of $194.29 and a 1-year high of $392.86. The company has a 50 day moving average price of $360.43 and a 200 day moving average price of $299.74.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same quarter in the prior year, the company earned $4.51 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Investors Weigh In On FedEx

Hedge funds have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx in the 3rd quarter valued at about $27,000. EFG International AG acquired a new stake in shares of FedEx during the fourth quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of FedEx during the second quarter worth approximately $28,000. Wealth Watch Advisors INC purchased a new position in FedEx during the third quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. grew its position in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.