Shares of FedEx Co. (NYSE:FDX) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $190.32.
A number of research analysts have weighed in on FDX shares. Cowen reissued an “outperform” rating and set a $237.00 price target (down previously from $242.00) on shares of FedEx in a research note on Thursday, March 14th. Raymond James reduced their price target on FedEx from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Barclays reduced their price target on FedEx from $235.00 to $215.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 20th. Finally, KeyCorp reduced their price target on FedEx from $240.00 to $215.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 20th.
In other news, CEO Frederick W. Smith sold 155,650 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $189.83, for a total transaction of $29,547,039.50. Following the completion of the sale, the chief executive officer now directly owns 14,945,124 shares in the company, valued at approximately $2,837,032,888.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. increased its holdings in FedEx by 30.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,009,956 shares of the shipping service provider’s stock valued at $183,215,000 after purchasing an additional 237,339 shares in the last quarter. FMR LLC increased its holdings in FedEx by 16.4% in the 1st quarter. FMR LLC now owns 1,993,135 shares of the shipping service provider’s stock valued at $361,574,000 after purchasing an additional 281,483 shares in the last quarter. Horizon Investments LLC acquired a new stake in FedEx in the 1st quarter valued at $210,000. First Dallas Securities Inc. increased its holdings in FedEx by 7.4% in the 1st quarter. First Dallas Securities Inc. now owns 6,133 shares of the shipping service provider’s stock valued at $1,113,000 after purchasing an additional 425 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in FedEx by 63.5% in the 1st quarter. Nordea Investment Management AB now owns 1,548,876 shares of the shipping service provider’s stock valued at $280,985,000 after purchasing an additional 601,465 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.
FDX stock traded up $0.88 on Monday, reaching $164.19. The company had a trading volume of 5,311,610 shares, compared to its average volume of 2,579,097. FedEx has a 1 year low of $150.68 and a 1 year high of $259.25. The company has a current ratio of 1.45, a quick ratio of 1.40 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $163.78. The company has a market capitalization of $42.55 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.87 and a beta of 1.69.
FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.93 by $0.08. FedEx had a return on equity of 21.57% and a net margin of 0.77%. The firm had revenue of $17.81 billion for the quarter, compared to analyst estimates of $17.85 billion. During the same quarter in the prior year, the company earned $5.91 EPS. FedEx’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that FedEx will post 14.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. FedEx’s payout ratio is 16.75%.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.