FedEx (NYSE:FDX) Given New $364.00 Price Target at Stifel Nicolaus

FedEx (NYSE:FDX) had its target price lowered by research analysts at Stifel Nicolaus from $368.00 to $364.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the shipping service provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 35.35% from the stock’s current price.

FDX has been the subject of several other research reports. Wells Fargo & Company upped their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. TD Cowen lifted their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, BMO Capital Markets raised their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

FedEx Trading Down 0.6 %

FDX stock traded down $1.49 during mid-day trading on Thursday, reaching $268.94. The company had a trading volume of 122,774 shares, compared to its average volume of 1,438,264. The company has a market capitalization of $64.77 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The firm has a 50 day moving average of $282.52 and a 200 day moving average of $283.52. FedEx has a 12 month low of $234.45 and a 12 month 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.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the company posted $3.99 EPS. FedEx’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents 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

Several institutional investors have recently bought and sold shares of FDX. Fortitude Family Office LLC lifted its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter worth approximately $28,000. City Holding Co. acquired a new position in FedEx in the 4th quarter valued at $28,000. Finally, R Squared Ltd purchased a new position in FedEx in the 4th quarter valued at $31,000. 84.47% of the stock is owned by institutional investors and hedge funds.

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.