Wall Street Zen downgraded shares of FedEx (NYSE:FDX - Free Report) from a buy rating to a hold rating in a report released on Friday morning.
Other equities analysts have also issued reports about the stock. Wells Fargo & Company decreased 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. Stifel Nicolaus reduced their price target on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. UBS Group cut their target price on FedEx from $331.00 to $311.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Finally, Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.17.
Get Our Latest Stock Analysis on FedEx
FedEx Stock Performance
Shares of FDX traded down $0.80 during mid-day trading on Friday, hitting $217.31. 453,636 shares of the company's stock were exchanged, compared to its average volume of 1,865,595. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx has a 52 week low of $194.29 and a 52 week high of $313.84. The stock's 50-day simple moving average is $218.29 and its 200-day simple moving average is $251.93. The firm has a market cap of $52.07 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36.
FedEx (NYSE:FDX - Get Free Report) last posted 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). The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $3.86 EPS. On average, equities research analysts expect that FedEx will post 19.14 EPS for the current year.
Insider Transactions at FedEx
In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.87% of the company's stock.
Institutional Trading of FedEx
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after buying an additional 289,655 shares during the period. Dodge & Cox increased its stake in shares of FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after acquiring an additional 734,268 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FedEx by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after acquiring an additional 109,006 shares during the period. Franklin Resources Inc. boosted its stake in FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after acquiring an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after purchasing an additional 43,989 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.
About FedEx
(
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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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