FedEx Co. (NYSE:FDX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of FedEx Co. (NYSE:FDX) have earned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $314.67.

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 26th. StockNews.com downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 24th. The Goldman Sachs Group boosted their price target on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. UBS Group reduced their price target on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Finally, Stephens reissued an “overweight” rating and set a $325.00 price target on shares of FedEx in a report on Wednesday, June 26th.

Insiders Place Their Bets

In other FedEx news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the sale, the executive vice president now owns 59,884 shares in the company, valued at approximately $17,634,640.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other FedEx news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the sale, the executive vice president now owns 59,884 shares in the company, valued at approximately $17,634,640.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul S. Walsh sold 2,535 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.72, for a total value of $747,115.20. Following the sale, the director now owns 14,745 shares in the company, valued at approximately $4,345,646.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,944 shares of company stock worth $9,882,355. Company insiders own 8.73% of the company’s stock.

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently bought and sold shares of FDX. Fortis Group Advisors LLC grew its stake in FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Scarborough Advisors LLC purchased a new position in FedEx during the 4th quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new position in FedEx during the 4th quarter valued at about $28,000. Sachetta LLC purchased a new position in FedEx during the 4th quarter valued at about $32,000. Finally, Central Valley Advisors LLC purchased a new position in FedEx during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 2.2 %

Shares of NYSE:FDX opened at $292.63 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $293.11 and a 200 day simple moving average of $274.10. The firm has a market cap of $72.01 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. FedEx has a 12-month low of $224.69 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.04 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.94 earnings per share. On average, equities research analysts anticipate that FedEx will post 20.82 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.89%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

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.