A number of research firms have changed their ratings and price targets for FedEx (NYSE: FDX):

  • 12/14/2017 – FedEx had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $278.00 price target on the stock, up previously from $233.00.
  • 12/12/2017 – FedEx was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of FedEx have outperformed its industry on a year-to-date basis. The strong growth of e-commerce is a positive for the company. FedEx's efforts to modernize its aircraft fleet are also encouraging. The company has an impressive dividend payment history. In June 2017, the company raised its quarterly dividend by 25%. With respect to buybacks, the company repurchased  2.96 million shares in fiscal 2017. Moreover,  the hike in shipping rates, announced in September 2017, should boost revenues. However, high costs are expected to hurt the company's bottom line in the second quarter of fiscal 2018 as was the case in the preceding quarter. Costs related to the integration process of TNT Express and the increased investments at its Ground unit are also likely to hurt the bottom-line. Detailed results should be out on Dec 19.”
  • 12/12/2017 – FedEx had its price target raised by analysts at Citigroup Inc. to $275.00. They now have a “buy” rating on the stock.
  • 11/30/2017 – FedEx had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $270.00 price target on the stock, up previously from $230.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/27/2017 – FedEx was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed its industry over the last six months, due to headwinds like surging costs. In fact, we expect high costs to hurt the company's bottom line in the second quarter of fiscal 2018 as was the case in the preceding quarter. Costs related to the integration process of TNT Express and the increased investments at its Ground unit are also likely to hurt the bottom-line. Detailed results should be out on Dec 19. The Zacks Consensus Estimate for fiscal second-quarter earnings has been revised 0.7% downward over the last 30 days, as well. This reflects the negative sentiment surrounding the stock. Nonetheless, FedEx has left no stone unturned to meet the surge in demand during the current holiday season. Despite its efforts, the company’s performance might be hurt by high delivery costs. We are, however, impressed by its decision to reward shareholders. Growing demand for e-commerce is  also a positive.”
  • 11/15/2017 – FedEx was given a new $212.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 11/13/2017 – FedEx is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $270.00 price target on the stock.
  • 11/8/2017 – FedEx was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “We expect high costs to hurt the company's bottom line in the second quarter of fiscal 2018, as was the case in the preceeding quarter. Costs related to the integration process of TNT Express and the increased investments at its Ground unit should hurt the bottom line. Additionally, the guidance for fiscal 2018 is disappointing. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. In June 2017, the company raised its quarterly dividend by 25%. Moreover, FedEx expects the upcoming holiday season to be a highly successful one on the back of the growing demand for e-commerce. In fact, the stock has outperformed its industry on a year-to-date basis.”
  • 10/20/2017 – FedEx had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $236.00 price target on the stock.
  • 10/16/2017 – FedEx was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed its industry in the last three months. The stock has been hurt following recent reports of Amazon.com testing a new business-to-consumer delivery service. The company's results in the first quarter of fiscal 2018, revealed last month, were hurt by the cyberattack in June 2017. Harvey and costs related to the integration process of TNT Express also hurt the bottom line. Additionally, significant investments at the company's Ground unit are also pushing up costs. This is also pressurizing the bottom line. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. In June 2017, the company raised its quarterly dividend by 25%”

Shares of FedEx Co. (NYSE:FDX) opened at $238.50 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. The firm has a market capitalization of $64,221.38, a P/E ratio of 20.11, a P/E/G ratio of 1.51 and a beta of 1.36. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $243.48.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.90 EPS. analysts forecast that FedEx Co. will post 12.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.84%. FedEx’s dividend payout ratio (DPR) is presently 18.87%.

In related news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The disclosure for this sale can be found here. Insiders sold a total of 40,094 shares of company stock worth $9,024,637 over the last ninety days. 8.45% of the stock is currently owned by insiders.

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.

Receive News & Ratings for FedEx Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Co and related companies with MarketBeat.com's FREE daily email newsletter.