FedEx Corp. (NYSE:FDX) has been given a $159.00 target price by equities research analysts at Sanford C. Bernstein in a research report issued on Wednesday. The brokerage presently has a a “neutral” rating on the shipping service provider’s stock. Sanford C. Bernstein’s price target would indicate a potential downside of 8.44% from the company’s current price.

Several other equities analysts have also issued reports on FDX. Cowen and Company reissued a “buy” rating and issued a $180.00 price target on shares of FedEx Corp. in a research note on Saturday, June 18th. Deutsche Bank AG upped their target price on FedEx Corp. from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, June 23rd. Zacks Investment Research raised FedEx Corp. from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Thursday, June 2nd. Vetr lowered FedEx Corp. from a “strong-buy” rating to a “buy” rating and set a $177.10 target price on the stock. in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on FedEx Corp. from $179.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $175.85.

Shares of FedEx Corp. (NYSE:FDX) opened at 173.66 on Wednesday. The firm has a market cap of $46.11 billion, a P/E ratio of 26.68 and a beta of 1.35. The firm’s 50-day moving average price is $164.95 and its 200 day moving average price is $161.28. FedEx Corp. has a one year low of $119.71 and a one year high of $175.38.

FedEx Corp. (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.09. FedEx Corp. had a return on equity of 21.56% and a net margin of 3.49%. The firm had revenue of $14.70 billion for the quarter. During the same period last year, the firm posted $2.42 earnings per share. FedEx Corp.’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts predict that FedEx Corp. will post $12.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. FedEx Corp.’s dividend payout ratio (DPR) is 23.99%.

In related news, Director John A. Edwardson sold 2,882 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $162.63, for a total transaction of $468,699.66. Following the sale, the director now owns 29,090 shares of the company’s stock, valued at approximately $4,730,906.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert B. Carter sold 5,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $164.51, for a total value of $822,550.00. Following the sale, the executive vice president now directly owns 53,399 shares in the company, valued at approximately $8,784,669.49. The disclosure for this sale can be found here. Corporate insiders own 8.67% of the company’s stock.

A number of hedge funds have recently modified their holdings of FDX. Primecap Management Co. CA boosted its stake in FedEx Corp. by 9.3% in the first quarter. Primecap Management Co. CA now owns 16,116,764 shares of the shipping service provider’s stock valued at $2,622,520,000 after buying an additional 1,371,175 shares during the last quarter. Dodge & Cox boosted its stake in FedEx Corp. by 0.6% in the first quarter. Dodge & Cox now owns 12,389,882 shares of the shipping service provider’s stock valued at $2,016,082,000 after buying an additional 78,290 shares during the last quarter. Wellington Management Group LLP boosted its stake in FedEx Corp. by 50.9% in the first quarter. Wellington Management Group LLP now owns 8,540,880 shares of the shipping service provider’s stock valued at $1,389,772,000 after buying an additional 2,881,893 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in FedEx Corp. by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,146,806 shares of the shipping service provider’s stock valued at $477,622,000 after buying an additional 9,900 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in FedEx Corp. by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 2,989,163 shares of the shipping service provider’s stock valued at $453,713,000 after buying an additional 9,606 shares during the last quarter. 73.78% of the stock is currently owned by institutional investors and hedge funds.

FedEx Corp. Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

5 Day Chart for NYSE:FDX

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