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

FedEx Co. (NYSE:FDX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $297.00.

Several analysts have issued reports on FDX shares. Bank of America cut their price objective on FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. TD Cowen decreased their price objective on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a report on Friday, March 21st. Cfra Research raised shares of FedEx to a "hold" rating in a report on Thursday, March 20th. Wells Fargo & Company cut their target price on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a report on Friday, March 21st.

FedEx Stock Down 1.5%

FDX stock opened at $226.10 on Tuesday. The company's 50 day moving average price is $222.61 and its 200 day moving average price is $256.08. The firm has a market capitalization of $54.17 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.11 and a beta of 1.36. FedEx has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $21.96 billion. During the same quarter last year, the firm posted $3.86 EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in FedEx during the fourth quarter valued at approximately $26,000. City Holding Co. acquired a new stake in FedEx during the fourth quarter valued at approximately $28,000. Kentucky Trust Co acquired a new stake in FedEx during the fourth quarter valued at approximately $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx during the fourth quarter valued at approximately $28,000. Finally, Activest Wealth Management acquired a new stake in FedEx during the fourth quarter valued at approximately $29,000. 84.47% of the stock is owned by institutional investors and hedge funds.

About FedEx

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.

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