FedEx Co. (NYSE:FDX) Receives Average Rating of "Moderate Buy" from Analysts

FedEx Co. (NYSE:FDX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $297.71.

A number of equities analysts have recently commented on the stock. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Wells Fargo & Company cut their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets decreased their target price on FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a research report on Friday, March 21st. Raymond James dropped their target price on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, TD Cowen decreased their price target on FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a report on Friday, March 21st.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.87% of the stock is currently owned by company insiders.

Institutional Trading of FedEx

Several hedge funds and other institutional investors have recently modified their holdings of the business. Regal Investment Advisors LLC boosted its position in FedEx by 2.4% during the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after acquiring an additional 38 shares during the period. Cetera Trust Company N.A grew its position in FedEx by 0.5% during the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after purchasing an additional 40 shares in the last quarter. Griffin Asset Management Inc. increased its stake in FedEx by 0.4% in the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after buying an additional 40 shares during the period. Aviso Financial Inc. lifted its position in FedEx by 1.2% in the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after buying an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp boosted its stake in shares of FedEx by 0.7% during the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Up 0.2 %

Shares of FDX stock traded up $0.49 on Friday, reaching $210.34. 1,278,798 shares of the stock were exchanged, compared to its average volume of 1,783,474. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $50.40 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The firm has a 50 day moving average of $230.32 and a two-hundred day moving average of $260.71. FedEx has a 1-year low of $194.30 and a 1-year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter last year, the business earned $3.86 earnings per share. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's dividend payout ratio is 34.63%.

FedEx Company Profile

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.