FedEx (NYSE:FDX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of FedEx (NYSE:FDX – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the shipping service provider’s stock.

A number of other research analysts have also recently issued reports on FDX. Bank of America raised FedEx from a “neutral” rating to a “buy” rating and lifted their price target for the company from $204.00 to $233.00 in a report on Thursday, February 2nd. Stifel Nicolaus raised shares of FedEx from a “hold” rating to a “buy” rating and lifted their price target for the stock from $171.00 to $222.00 in a research report on Wednesday. Jefferies Financial Group increased their target price on FedEx from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 22nd. Evercore ISI upped their price target on FedEx from $196.00 to $234.00 and gave the stock an “outperform” rating in a research report on Monday, February 27th. Finally, Barclays set a $240.00 price objective on shares of FedEx in a report on Monday, January 2nd. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.75.

FedEx Price Performance

NYSE FDX opened at $220.31 on Thursday. The company has a market cap of $55.61 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.22 and a beta of 1.31. FedEx has a 1 year low of $141.92 and a 1 year high of $248.76. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $201.14 and a 200 day simple moving average of $181.63.

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 for the quarter, beating analysts’ consensus estimates of $2.67 by $0.74. FedEx had a net margin of 3.54% and a return on equity of 19.17%. The firm had revenue of $22.17 billion during the quarter, compared to the consensus estimate of $22.74 billion. During the same period in the prior year, the firm earned $4.59 EPS. The business’s revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts predict that FedEx will post 13.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Amy B. Lane bought 280 shares of FedEx stock in a transaction on Tuesday, January 3rd. The shares were purchased at an average price of $175.83 per share, for a total transaction of $49,232.40. Following the acquisition, the director now owns 1,529 shares of the company’s stock, valued at $268,844.07. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.62% of the stock is currently owned by company insiders.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently modified their holdings of the business. Lakewood Asset Management LLC bought a new stake in FedEx during the fourth quarter worth about $26,000. CenterStar Asset Management LLC bought a new stake in shares of FedEx in the 4th quarter worth approximately $29,000. Coston McIsaac & Partners bought a new stake in shares of FedEx in the 2nd quarter worth approximately $30,000. My Personal CFO LLC purchased a new stake in shares of FedEx in the 4th quarter worth approximately $31,000. Finally, Cowa LLC purchased a new position in FedEx during the third quarter valued at $33,000. 72.02% of the stock is owned by hedge funds and other 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.