Shares of FedEx Corporation (NYSE:FDX - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $282.46.
FDX has been the subject of a number of recent research reports. Stifel Nicolaus set a $315.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Susquehanna lifted their price target on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating and set a $260.00 price target (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Stephens reissued an "overweight" rating and set a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th.
Read Our Latest Analysis on FDX
Insider Buying and Selling
In related news, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company's stock.
Institutional Trading of FedEx
Large investors have recently added to or reduced their stakes in the business. Transce3nd LLC bought a new stake in FedEx during the fourth quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in FedEx during the fourth quarter valued at approximately $28,000. Runnymede Capital Advisors Inc. purchased a new position in FedEx during the fourth quarter valued at approximately $32,000. Accredited Wealth Management LLC purchased a new position in FedEx during the fourth quarter valued at approximately $35,000. Finally, Abound Financial LLC purchased a new position in FedEx during the first quarter valued at approximately $38,000. 84.47% of the stock is currently owned by institutional investors.
FedEx Trading Up 1.6%
NYSE:FDX opened at $238.89 on Wednesday. The company has a 50-day moving average price of $223.89 and a 200-day moving average price of $240.64. FedEx has a 12 month low of $194.30 and a 12 month high of $313.84. 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 stock has a market cap of $57.24 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.23 and a beta of 1.35.
FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. During the same period last year, the company posted $5.41 EPS. Equities analysts predict that FedEx will post 19.14 EPS for the current year.
FedEx Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd were paid a $1.45 dividend. The ex-dividend date was Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.43%. FedEx's payout ratio is currently 34.36%.
FedEx Company Profile
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Get Free ReportFedEx 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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