FedEx Co. (NYSE:FDX) Given Average Rating of "Moderate Buy" by Analysts

Shares of FedEx Co. (NYSE:FDX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $301.33.

Several research firms have recently commented on FDX. Stifel Nicolaus cut their price target on FedEx from $306.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 3rd. Jefferies Financial Group upped their price target on FedEx from $265.00 to $300.00 and gave the stock a "hold" rating in a research note on Friday, March 22nd. Raymond James cut their price target on FedEx from $279.00 to $275.00 and set an "outperform" rating for the company in a research note on Wednesday, December 20th. Robert W. Baird upped their price target on FedEx from $315.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, Evercore ISI upped their price target on FedEx from $327.00 to $351.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd.

Insider Activity

In other news, CEO Sriram Krishnasamy sold 354 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at $3,223,600.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Frederick W. Smith sold 113,400 shares of the company's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sriram Krishnasamy sold 354 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the transaction, the chief executive officer now owns 11,147 shares in the company, valued at $3,223,600.93. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock worth $37,758,773 over the last three months. 8.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FedEx

Several large investors have recently added to or reduced their stakes in the business. M&R Capital Management Inc. lifted its position in FedEx by 0.3% during the third quarter. M&R Capital Management Inc. now owns 16,192 shares of the shipping service provider's stock worth $4,289,000 after buying an additional 41 shares during the period. KRS Capital Management LLC lifted its position in FedEx by 4.1% during the fourth quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider's stock worth $263,000 after buying an additional 41 shares during the period. Zullo Investment Group Inc. lifted its position in FedEx by 0.7% during the fourth quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider's stock worth $1,447,000 after buying an additional 42 shares during the period. Toth Financial Advisory Corp lifted its position in FedEx by 18.0% during the fourth quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider's stock worth $73,000 after buying an additional 44 shares during the period. Finally, SVB Wealth LLC lifted its position in FedEx by 2.5% during the fourth quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider's stock worth $456,000 after buying an additional 44 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

NYSE FDX traded down $1.06 on Monday, reaching $266.74. The stock had a trading volume of 987,716 shares, compared to its average volume of 2,118,846. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. FedEx has a 12-month low of $213.80 and a 12-month high of $291.27. The business's 50-day moving average price is $257.41 and its 200 day moving average price is $254.05. The stock has a market cap of $65.64 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company had revenue of $21.70 billion during the quarter, compared to analysts' expectations of $21.95 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts expect that FedEx will post 17.67 earnings per share for the current year.

FedEx announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 21st that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the shipping service provider to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $5.04 annualized dividend and a dividend yield of 1.89%. FedEx's dividend payout ratio is currently 29.07%.

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.