FedEx Stock Rating Lowered by BB&T (FDX)
FedEx opened at 105.43 on Wednesday. FedEx has a 1-year low of $83.80 and a 1-year high of $107.50. The stock’s 50-day moving average is currently $103.1. The company has a market cap of $33.154 billion and a price-to-earnings ratio of 16.92.
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 0.53%. The ex-dividend date of this dividend is Thursday, March 7th.
A number of other analysts have also recently weighed in on FDX. Analysts at RBC Capital reiterated a sector perform rating on shares of FedEx in a research note to investors on Tuesday, February 12th. They now have a $95.00 price target on the stock. Separately, analysts at Dahlman Rose raised their price target on shares of FedEx from $98.00 to $117.00 in a research note to investors on Friday, February 8th. They now have a buy rating on the stock. Finally, analysts at Bank of America reiterated a buy rating on shares of FedEx in a research note to investors on Monday, February 4th. They now have a $122.00 price target on the stock.
Sixteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and ten have assigned a hold rating to the company’s stock. FedEx presently has an average rating of overweight and a consensus target price of $110.81.
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