Headlines about FedEx (NYSE:FDX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FedEx earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the shipping service provider an impact score of 46.3258615713303 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- FedEx (FDX) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Dow Transports holding up in volatile market (finance.yahoo.com)
- Cessna SkyCourier completes round in wind tunnel (finance.yahoo.com)
- FedEx (FDX) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- Package bombs could be linked to earlier Austin attack (finance.yahoo.com)
FedEx (FDX) traded up $4.23 during mid-day trading on Tuesday, reaching $250.77. 1,950,000 shares of the company’s stock traded hands, compared to its average volume of 1,880,000. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx has a 12-month low of $182.89 and a 12-month high of $274.66. The company has a market capitalization of $67,180.00, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, March 9th. This represents a $2.00 annualized dividend and a yield of 0.80%. FedEx’s payout ratio is 18.38%.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein raised shares of FedEx from a “market perform” rating to an “outperform” rating and set a $290.00 target price on the stock in a research report on Friday, February 23rd. Robert W. Baird reissued a “buy” rating and set a $270.00 target price on shares of FedEx in a research report on Monday, February 12th. Bank of America reissued a “buy” rating and set a $315.00 target price on shares of FedEx in a research report on Friday, January 12th. Finally, BMO Capital Markets reissued a “buy” rating and set a $300.00 target price on shares of FedEx in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $275.04.
In other news, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the transaction, the chief operating officer now owns 48,562 shares in the company, valued at $12,407,105.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the transaction, the director now owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is owned by insiders.
FedEx Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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