FedEx (NYSE:FDX - Get Free Report) had its target price raised by analysts at Citigroup from $259.00 to $278.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the shipping service provider's stock. Citigroup's price target suggests a potential upside of 17.20% from the company's current price.
FDX has been the subject of several other research reports. Sanford C. Bernstein dropped their price objective on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. Wells Fargo & Company upped their target price on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and decreased their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $283.25.
View Our Latest Analysis on FDX
FedEx Stock Down 0.6%
Shares of NYSE:FDX traded down $1.50 during trading on Wednesday, hitting $237.21. 1,175,021 shares of the company were exchanged, compared to its average volume of 1,854,056. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $223.89 and a two-hundred day moving average price of $240.64. FedEx has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a market cap of $56.84 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.23 and a beta of 1.35.
FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the prior year, the firm posted $5.41 earnings per share. As a group, research analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.
Insider Activity at FedEx
In other FedEx news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its stake in FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after acquiring an additional 63 shares during the last quarter. NBC Securities Inc. acquired a new stake in FedEx in the first quarter worth $147,000. Farther Finance Advisors LLC raised its holdings in FedEx by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after purchasing an additional 481 shares during the period. Allianz SE acquired a new stake in FedEx in the fourth quarter worth $18,342,000. Finally, Parvin Asset Management LLC bought a new stake in FedEx in the 4th quarter valued at $281,000. Institutional investors and hedge funds own 84.47% of the company's stock.
FedEx Company Profile
(
Get Free Report)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.