FedEx Co. (NYSE:FDX) Receives $321.87 Average PT from Analysts

Shares of FedEx Co. (NYSE:FDX) have earned a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $321.87.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Bank of America upped their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th.

FedEx Price Performance

FDX stock opened at $263.30 on Friday. The firm has a market capitalization of $63.41 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. FedEx has a 1 year low of $234.45 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The business has a 50 day simple moving average of $272.98 and a 200-day simple moving average of $279.56.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.99 earnings per share. Equities research analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

Institutional Trading of FedEx

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC lifted its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the last quarter. Evermay Wealth Management LLC lifted its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after buying an additional 40 shares during the last quarter. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, Kentucky Trust Co purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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.