FedEx’s (FDX) “Buy” Rating Reiterated at UBS Group

FedEx (NYSE:FDXGet Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS Group in a report released on Tuesday,MarketScreener reports.

A number of other brokerages have also weighed in on FDX. Stephens reiterated an “overweight” rating and set a $435.00 target price on shares of FedEx in a research note on Tuesday, April 14th. Barclays upped their price objective on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Sanford C. Bernstein lifted their target price on FedEx from $457.00 to $470.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. Bank of America boosted their target price on shares of FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Wall Street Zen downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.04.

Check Out Our Latest Research Report on FedEx

FedEx Stock Performance

NYSE FDX opened at $368.44 on Tuesday. The firm has a 50-day moving average of $370.43 and a 200-day moving average of $321.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $87.91 billion, a PE ratio of 19.57, a P/E/G ratio of 1.36 and a beta of 1.29. FedEx has a 52-week low of $213.56 and a 52-week high of $404.03.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 EPS. On average, sell-side analysts anticipate that FedEx will post 19.72 EPS for the current year.

Insider Buying and Selling

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the sale, the executive vice president directly owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares of the company’s stock, valued at $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock worth $17,599,006 over the last three months. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FDX. Bayban bought a new position in shares of FedEx in the 1st quarter valued at $26,000. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the third quarter valued at about $27,000. EFG International AG acquired a new position in FedEx during the fourth quarter worth about $27,000. Wealth Watch Advisors INC bought a new position in shares of FedEx in the third quarter worth about $28,000. Finally, Ameriflex Group Inc. boosted its stake 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 purchasing an additional 63 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Key FedEx News

Here are the key news stories impacting FedEx this week:

FedEx Company Profile

(Get Free Report)

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.

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Analyst Recommendations for FedEx (NYSE:FDX)

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