Susquehanna Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX - Get Free Report) had its target price upped by analysts at Susquehanna from $290.00 to $295.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a "positive" rating on the shipping service provider's stock. Susquehanna's target price suggests a potential upside of 33.49% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Stephens reissued an "overweight" rating and issued a $300.00 price target on shares of FedEx in a report on Tuesday, May 20th. Wells Fargo & Company boosted their target price on shares of FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Bank of America decreased their price target on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Citigroup lowered their price target on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital downgraded shares of FedEx from a "hold" rating to a "sell" rating and cut their price objective for the company from $283.00 to $221.00 in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FedEx has an average rating of "Moderate Buy" and a consensus price target of $285.17.

FedEx Price Performance

Shares of FDX stock traded down $1.01 during mid-day trading on Wednesday, hitting $220.99. 4,708,661 shares of the stock were exchanged, compared to its average volume of 1,848,012. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. FedEx has a 52-week low of $194.30 and a 52-week high of $313.84. The firm has a fifty day moving average of $219.48 and a 200 day moving average of $243.71. The company has a market cap of $52.95 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%. During the same period last year, the company earned $5.41 earnings per share. Research analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

Institutional Investors Weigh In On FedEx

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

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.