FedEx Corporation (NYSE:FDX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• FedEx has a consensus “Moderate Buy” rating from 30 analysts, with 17 buys, 10 holds, two sells and one strong buy. The average 12-month price target is approximately $350.54.
• Recent analysts have delivered mixed updates: UBS and Bank of America maintain buy ratings, while Weiss Ratings, Rothschild & Co Redburn and BNP Paribas Exane lowered their ratings or price targets.
• FedEx reported quarterly EPS of $5.88 on $23.26 billion in revenue and declared a quarterly dividend of $1.22 per share, equivalent to a 1.5% yield.

FedEx Corporation (NYSE:FDX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $350.5426.

FDX has been the subject of a number of analyst reports. Weiss Ratings cut shares of FedEx from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. UBS Group lowered their target price on shares of FedEx from $445.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Rothschild & Co Redburn dropped their price target on FedEx from $375.00 to $344.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 2nd. BNP Paribas Exane cut their price objective on shares of FedEx from $335.00 to $269.76 and set a "neutral" rating on the stock in a research report on Tuesday, June 2nd. Finally, Bank of America lifted their target price on FedEx from $376.00 to $378.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th.

Insider Transactions at FedEx

In other news, Director Paul Walsh sold 5,042 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by insiders.

Institutional Trading of FedEx

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after buying an additional 207 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider's stock worth $2,514,000 after acquiring an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of FedEx in the 2nd quarter worth $586,000. Quantbot Technologies LP acquired a new position in shares of FedEx in the 2nd quarter worth $186,000. Finally, Jump Financial LLC acquired a new stake in shares of FedEx during the second quarter worth $456,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE:FDX opened at $322.11 on Monday. The firm's fifty day simple moving average is $319.36 and its 200 day simple moving average is $348.92. The firm has a market capitalization of $76.23 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.71 and a beta of 1.32. FedEx has a twelve month low of $177.65 and a twelve month high of $345.36. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. As a group, equities research analysts expect that FedEx will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx's dividend payout ratio (DPR) is presently 26.36%.

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.

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