FedEx (NYSE:FDX) Given New $329.00 Price Target at Stifel Nicolaus

FedEx (NYSE:FDX - Get Free Report) had its price objective decreased by investment analysts at Stifel Nicolaus from $354.00 to $329.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the shipping service provider's stock. Stifel Nicolaus' target price suggests a potential upside of 48.15% from the stock's current price.

Several other research firms have also recently commented on FDX. Wells Fargo & Company reduced their target price on FedEx from $260.00 to $220.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and reduced their target price for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Raymond James Financial dropped their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Sanford C. Bernstein dropped their price target on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research note on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $285.75.

FedEx Stock Performance

Shares of NYSE FDX traded down $7.44 during mid-day trading on Tuesday, hitting $222.07. The company had a trading volume of 8,088,172 shares, compared to its average volume of 1,873,368. The company has a market capitalization of $53.21 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.15 and a beta of 1.35. FedEx has a 1 year low of $194.30 and a 1 year high of $313.84. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average price is $219.11 and its 200-day moving average price is $243.86.

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 return on equity of 16.54% and a net margin of 4.65%. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the previous year, the business earned $5.41 earnings per share. On average, sell-side analysts forecast that FedEx will post 19.14 earnings per share for the current year.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company'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 transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FDX. Transce3nd LLC bought a new position in FedEx during the 4th quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in FedEx during the 4th quarter valued at approximately $28,000. Runnymede Capital Advisors Inc. bought a new position in FedEx during the 4th quarter valued at approximately $32,000. Accredited Wealth Management LLC bought a new position in shares of FedEx in the 4th quarter worth approximately $35,000. Finally, Abound Financial LLC bought a new position in shares of FedEx in the 1st quarter worth approximately $38,000. Institutional investors own 84.47% of the company's stock.

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.