FedEx Corporation (NYSE:FDX) Receives $398.04 Average PT from Analysts

FedEx Corporation (NYSE:FDX) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $398.0385.

FDX has been the subject of several recent research reports. Argus boosted their price objective on FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Wolfe Research dropped their price objective on FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a report on Thursday, April 9th. BMO Capital Markets boosted their price objective on FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a report on Friday, March 20th. Finally, Wells Fargo & Company upped their price target on FedEx from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, March 20th.

Insider Buying and Selling

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

Institutional Trading of FedEx

Institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in shares of FedEx in the 1st quarter valued at about $25,000. Bayban bought a new stake in shares of FedEx in the 1st quarter valued at about $26,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx in the 3rd quarter valued at approximately $27,000. EFG International AG acquired a new position in shares of FedEx in the 4th quarter valued at approximately $27,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of FedEx in the 3rd quarter valued at approximately $28,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

Shares of NYSE:FDX opened at $378.54 on Tuesday. The stock has a market capitalization of $90.32 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.44 and a beta of 1.29. FedEx has a 1-year low of $214.35 and a 1-year high of $404.03. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $369.82 and a two-hundred day moving average price of $324.97.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.51 EPS. Equities analysts predict that FedEx will post 19.72 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio is 30.87%.

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.