Headlines about FedEx (NYSE:FDX) have been trending somewhat positive on Friday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FedEx earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the shipping service provider an impact score of 45.5006892713644 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Is a Beat in the Cards for FedEx (FDX) Stock in Q3 Earnings? (finance.yahoo.com)
- Could FedEx Meet Operating Margin Expectations in Fiscal 3Q18? (finance.yahoo.com)
- Trade of the Day: FedEx (FDX) – Investorplace.com (investorplace.com)
- The “FedEx Junior Business Challenge” Returns For its Second Season on the PGA TOUR (finance.yahoo.com)
- Paycom Software, Autoweb, FedEx and Amazon highlighted as Zacks Bull and Bear of the Day (finance.yahoo.com)
Shares of FedEx (NYSE FDX) traded up $4.63 on Friday, hitting $252.03. 2,165,965 shares of the company were exchanged, compared to its average volume of 1,833,027. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. FedEx has a 12-month low of $182.89 and a 12-month high of $274.66. The stock has a market capitalization of $66,144.62, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.44 and a beta of 1.32.
The business 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. This represents a $2.00 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 18.43%.
Several research firms have weighed in on FDX. Robert W. Baird boosted their target price on shares of FedEx from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Investment Research cut shares of FedEx from a “buy” rating to a “hold” rating in a research note on Tuesday. Sanford C. Bernstein upgraded shares of FedEx from a “market perform” rating to an “outperform” rating and set a $290.00 price objective for the company in a research note on Friday, February 23rd. Bank of America restated a “buy” rating and set a $315.00 price objective on shares of FedEx in a research note on Friday, January 12th. Finally, BMO Capital Markets restated a “buy” rating and set a $300.00 price objective on shares of FedEx in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. FedEx has a consensus rating of “Buy” and a consensus price target of $275.47.
In other FedEx news, COO David J. Bronczek sold 46,555 shares of the 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 of the company’s stock, valued at $12,407,105.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert B. Carter sold 3,970 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is currently 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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