Investment analysts at Oppenheimer assumed coverage on shares of FedEx (NYSE: FDX) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $124.00 price target on the stock.

FedEx traded up 1.99% on Tuesday, hitting $107.91. FedEx has a 52-week low of $83.80 and a 52-week high of $107.50. The stock’s 50-day moving average is currently $103.6. The company has a market cap of $33.933 billion and a price-to-earnings ratio of 16.98.

FedEx last issued its quarterly earnings data on Wednesday, December 19th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. FedEx has set its Q3 guidance at $1.25-1.45 EPS and its FY13 guidance at $6.20-6.60 EPS. On average, analysts predict that FedEx will post $6.35 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Macquarie initiated coverage on shares of FedEx in a research note to investors on Friday. They set an “outperform” rating and a $124.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of FedEx in a research note to investors on Thursday, February 28th. Finally, analysts at BB&T downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, February 27th. They now have a $105.00 price target on the stock.

The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Monday, March 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 7th.

Operates a small package specialty air freight service in the U.S. offering door-to-door overnight delivery by operating its own integrated air-ground transportation system.

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