FedEx (NYSE:FDX) Stock Rating Upgraded by Wall Street Zen

FedEx (NYSE:FDX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

Several other research firms have also weighed in on FDX. Stifel Nicolaus reduced their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group raised shares of FedEx from a "hold" rating to a "buy" rating and cut their target price for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Truist Financial decreased their price target on shares of FedEx from $305.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut FedEx to a "neutral" rating in a report on Monday, February 3rd. Finally, Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $297.00.

FedEx Price Performance

Shares of NYSE FDX traded up $4.00 during mid-day trading on Thursday, reaching $220.61. 673,889 shares of the company traded hands, compared to its average volume of 1,872,904. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $313.84. The firm has a market cap of $52.86 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. The stock has a fifty day simple moving average of $219.98 and a 200-day simple moving average of $253.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 earnings per share. Equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.87% of the company's stock.

Institutional Trading of FedEx

A number of institutional investors have recently bought and sold shares of the company. Advisors Capital Management LLC raised its stake in shares of FedEx by 15.8% during the 1st quarter. Advisors Capital Management LLC now owns 2,683 shares of the shipping service provider's stock worth $654,000 after purchasing an additional 367 shares in the last quarter. Twin Lakes Capital Management LLC increased its holdings in FedEx by 0.4% in the first quarter. Twin Lakes Capital Management LLC now owns 18,855 shares of the shipping service provider's stock worth $4,596,000 after buying an additional 67 shares during the last quarter. Westbourne Investments Inc. bought a new position in FedEx during the first quarter valued at approximately $439,000. Acadian Asset Management LLC lifted its stake in FedEx by 34.8% in the first quarter. Acadian Asset Management LLC now owns 3,880 shares of the shipping service provider's stock valued at $943,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in FedEx by 9.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,501 shares of the shipping service provider's stock worth $366,000 after acquiring an additional 126 shares in the last quarter. 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.