Shares of FedEx Co. (NYSE:FDX) have received a consensus recommendation of “Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $213.60.

A number of analysts have recently issued reports on FDX shares. Daiwa Capital Markets set a $190.00 price target on FedEx and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. BMO Capital Markets dropped their price target on FedEx to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. They noted that the move was a valuation call. ValuEngine upgraded FedEx from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $233.00 price target on shares of FedEx in a research report on Monday, December 24th.

In related news, CEO Frederick W. Smith sold 155,650 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $189.83, for a total value of $29,547,039.50. Following the completion of the sale, the chief executive officer now owns 14,945,124 shares in the company, valued at approximately $2,837,032,888.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John L. Merino sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $182.24, for a total value of $419,152.00. Following the completion of the sale, the vice president now owns 30,185 shares of the company’s stock, valued at approximately $5,500,914.40. The disclosure for this sale can be found here. Insiders sold a total of 187,950 shares of company stock valued at $35,170,622 in the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in FDX. Berman Capital Advisors LLC purchased a new position in FedEx in the 4th quarter worth approximately $25,000. Cordasco Financial Network increased its stake in shares of FedEx by 181.8% during the first quarter. Cordasco Financial Network now owns 155 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 100 shares during the period. Northwest Wealth Management LLC increased its stake in shares of FedEx by 842.1% during the fourth quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC increased its stake in shares of FedEx by 1,666.7% during the fourth quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 200 shares during the period. Finally, Advocacy Wealth Management Services LLC increased its stake in shares of FedEx by 52.5% during the first quarter. Advocacy Wealth Management Services LLC now owns 183 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 63 shares during the period. 71.73% of the stock is currently owned by institutional investors and hedge funds.

FDX stock traded down $0.77 during mid-day trading on Wednesday, reaching $196.18. 1,775,037 shares of the company traded hands, compared to its average volume of 2,062,442. The company has a quick ratio of 1.40, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $51.38 billion, a PE ratio of 12.81, a PEG ratio of 0.97 and a beta of 1.62. FedEx has a 52-week low of $150.94 and a 52-week high of $266.67.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.10 by ($0.07). The company had revenue of $17.01 billion for the quarter, compared to analysts’ expectations of $17.70 billion. FedEx had a net margin of 5.25% and a return on equity of 22.67%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 EPS. On average, equities research analysts anticipate that FedEx will post 15.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a $0.65 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a yield of 1.33%. FedEx’s payout ratio is 16.98%.

FedEx Company Profile

FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.

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Analyst Recommendations for FedEx (NYSE:FDX)

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