FedEx Corporation (NYSE:FDX) Given Consensus Rating of "Moderate Buy" by Analysts

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.

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

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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