FedEx (NYSE:FDX) Given a $192.00 Price Target at JPMorgan Chase & Co.

FedEx (NYSE:FDXGet Rating) has been given a $192.00 target price by JPMorgan Chase & Co. in a report issued on Friday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 29.14% from the company’s previous close.

Other research analysts have also issued reports about the stock. KeyCorp raised their target price on shares of FedEx from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, June 30th. Stephens cut their target price on shares of FedEx from $295.00 to $200.00 in a report on Friday. Cowen cut their target price on shares of FedEx from $230.00 to $185.00 in a report on Friday. Stifel Nicolaus lowered shares of FedEx from a “buy” rating to a “hold” rating and cut their target price for the company from $288.00 to $195.00 in a report on Friday, September 16th. Finally, Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $339.00 to $202.00 in a research note on Friday, September 16th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.74.

FedEx Price Performance

FDX traded down $5.86 during trading on Friday, reaching $148.68. 153,401 shares of the company traded hands, compared to its average volume of 4,134,571. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. FedEx has a 12-month low of $150.34 and a 12-month high of $266.79. The firm has a fifty day simple moving average of $216.15 and a 200 day simple moving average of $216.44. The company has a market cap of $38.64 billion, a P/E ratio of 10.42, a PEG ratio of 0.73 and a beta of 1.21.

FedEx (NYSE:FDXGet Rating) last announced its quarterly earnings data on Thursday, September 22nd. The shipping service provider reported $3.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.14 by ($1.70). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.78 billion. During the same period last year, the business earned $4.37 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that FedEx will post 16.55 EPS for the current year.

Insider Transactions at FedEx

In other news, Director Amy B. Lane bought 607 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were purchased at an average price of $228.12 per share, for a total transaction of $138,468.84. Following the completion of the transaction, the director now directly owns 686 shares in the company, valued at $156,490.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Robert B. Carter sold 12,310 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $230.61, for a total transaction of $2,838,809.10. Following the completion of the transaction, the executive vice president now directly owns 54,916 shares of the company’s stock, valued at approximately $12,664,178.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy B. Lane bought 607 shares of FedEx stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $228.12 per share, with a total value of $138,468.84. Following the completion of the purchase, the director now owns 686 shares in the company, valued at $156,490.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 48,810 shares of company stock worth $11,199,898. Insiders own 8.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dodge & Cox lifted its holdings in shares of FedEx by 22.2% in the 4th quarter. Dodge & Cox now owns 16,674,920 shares of the shipping service provider’s stock worth $4,312,801,000 after acquiring an additional 3,031,046 shares during the last quarter. Norges Bank acquired a new position in shares of FedEx during the fourth quarter worth about $593,029,000. Mizuho Markets Americas LLC acquired a new position in shares of FedEx during the second quarter worth about $229,102,000. Mawer Investment Management Ltd. purchased a new stake in FedEx during the second quarter worth approximately $181,239,000. Finally, ACR Alpine Capital Research LLC purchased a new stake in FedEx during the second quarter worth approximately $161,754,000. 71.62% of the stock is owned by institutional investors and hedge funds.

About FedEx

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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Analyst Recommendations for FedEx (NYSE:FDX)

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