FedEx Corporation (NYSE:FDX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of FedEx Corporation (NYSE:FDX) have been given an average rating of “Moderate Buy” by the twenty-nine research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $372.4096.

A number of equities analysts have weighed in on FDX shares. Susquehanna boosted their price objective on FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a research note on Friday, March 20th. Stephens reissued an “overweight” rating and set a $435.00 price objective on shares of FedEx in a research note on Tuesday, April 14th. Jefferies Financial Group boosted their price objective on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane lowered their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Argus boosted their price objective on FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, April 6th.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Several pieces of commentary argue the FedEx Freight spin-off could unlock value for FedEx by creating a leaner express/ground business with better margin expansion potential and higher returns on invested capital. FedEx Unboxes Billions in Post-Spinoff Value
• Positive Sentiment: FedEx is also expected to announce another dividend increase when it reports results on June 23, which could appeal to income-focused investors. Dear Dividend Investors, Mark Your Calendars for June 23
• Positive Sentiment: Goldman Sachs reiterated a Buy rating, and Bank of America said the spin-off could improve cost savings and buyback capacity at FedEx. FedEx (FDX) Receives a Buy from Goldman Sachs

FedEx Stock Performance

NYSE FDX opened at $324.78 on Friday. The stock’s fifty day moving average is $374.86 and its two-hundred day moving average is $339.94. The firm has a market capitalization of $77.49 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx has a fifty-two week low of $216.10 and a fifty-two week high of $413.87.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.51 earnings per share. On average, research analysts anticipate that FedEx will post 19.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This represents a 51.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 48,104 shares of company stock worth $17,599,006. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On FedEx

Large investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of FedEx in the 1st quarter valued at $25,000. Bayban acquired a new position in shares of FedEx in the 1st quarter valued at $26,000. EFG International AG acquired a new position in shares of FedEx in the 4th quarter valued at $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx in the 3rd quarter valued at $28,000. Finally, Ameriflex Group Inc. raised its holdings in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.