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

Shares of FedEx Co. (NYSE:FDX) have earned an average recommendation of “Moderate Buy” from the thirty ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $297.00.

A number of research firms have recently commented on FDX. Truist Financial reduced their price objective on shares of FedEx from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Barclays decreased their target price on FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Stifel Nicolaus decreased their price objective on shares of FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company cut their price objective on FedEx from $260.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America decreased their price target on FedEx from $272.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of FedEx during the 4th quarter valued at approximately $807,352,000. Nuveen LLC purchased a new position in FedEx in the first quarter valued at about $314,650,000. Raymond James Financial Inc. acquired a new stake in FedEx in the fourth quarter worth about $234,028,000. Dodge & Cox boosted its holdings in FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock worth $3,907,568,000 after acquiring an additional 734,268 shares in the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

Shares of FedEx stock opened at $226.10 on Tuesday. FedEx has a 52 week low of $194.30 and a 52 week high of $313.84. The stock has a market capitalization of $54.17 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a fifty day moving average of $222.61 and a two-hundred day moving average of $256.08.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 earnings per share. As a group, equities research analysts predict that FedEx will post 19.14 EPS for the current year.

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.