Stephens Increases FedEx (NYSE:FDX) Price Target to $290.00

FedEx (NYSE:FDX – Get Rating) had its target price hoisted by equities researchers at Stephens from $200.00 to $290.00 in a report issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the shipping service provider’s stock. Stephens’ target price would suggest a potential upside of 31.63% from the stock’s current price.

FDX has been the topic of several other research reports. Jefferies Financial Group lifted their price target on FedEx from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, December 22nd. Morgan Stanley lifted their price target on FedEx from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Monday, January 9th. Deutsche Bank Aktiengesellschaft raised their price objective on FedEx from $190.00 to $217.00 in a report on Monday, November 28th. Bank of America raised their price objective on FedEx from $233.00 to $305.00 in a report on Friday. Finally, UBS Group set a $225.00 price objective on FedEx in a report on Thursday, February 2nd. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.75.

FedEx Price Performance

FedEx stock opened at $220.31 on Friday. FedEx has a one year low of $141.92 and a one year high of $248.76. The stock’s fifty day moving average price is $201.14 and its two-hundred day moving average price is $181.41. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.30 and a quick ratio of 1.25. The firm has a market cap of $55.61 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31.

FedEx (NYSE:FDX – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.74. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The company had revenue of $22.17 billion for the quarter, compared to analyst estimates of $22.74 billion. During the same quarter last year, the company posted $4.59 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts expect that FedEx will post 13.53 EPS for the current fiscal year.

Insider Activity at FedEx

In other news, Director Amy B. Lane bought 280 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was acquired at an average cost of $175.83 per share, with a total value of $49,232.40. Following the transaction, the director now directly owns 1,529 shares of the company’s stock, valued at approximately $268,844.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.62% of the stock is currently owned by corporate insiders.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lakewood Asset Management LLC bought a new stake in FedEx during the 4th quarter worth approximately $26,000. CenterStar Asset Management LLC bought a new stake in FedEx during the 4th quarter worth approximately $29,000. Coston McIsaac & Partners bought a new stake in FedEx during the 2nd quarter worth approximately $30,000. My Personal CFO LLC bought a new stake in FedEx during the 4th quarter worth approximately $31,000. Finally, Cowa LLC bought a new stake in FedEx during the 3rd quarter worth approximately $33,000. 72.02% of the stock is owned by institutional investors.

FedEx Company Profile

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.