FedEx Co. (NYSE:FDX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of FedEx Co. (NYSE:FDX) have been given an average rating of “Moderate Buy” by the twenty-six brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $325.61.

A number of equities analysts recently commented on the company. Barclays lifted their price objective on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Raymond James upped their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Institutional Investors Weigh In On FedEx

Several large investors have recently made changes to their positions in the business. Citizens Financial Group Inc. RI raised its position in FedEx by 74.5% in the second quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the shipping service provider’s stock worth $381,000 after acquiring an additional 542 shares during the period. Lmcg Investments LLC raised its holdings in shares of FedEx by 1.7% in the 2nd quarter. Lmcg Investments LLC now owns 61,773 shares of the shipping service provider’s stock worth $18,522,000 after purchasing an additional 1,053 shares during the period. Moors & Cabot Inc. lifted its stake in FedEx by 16.8% in the second quarter. Moors & Cabot Inc. now owns 2,575 shares of the shipping service provider’s stock valued at $772,000 after purchasing an additional 371 shares during the last quarter. Alpha Financial Partners LLC increased its position in FedEx by 8.3% in the second quarter. Alpha Financial Partners LLC now owns 831 shares of the shipping service provider’s stock worth $249,000 after buying an additional 64 shares during the last quarter. Finally, Capstone Wealth Management Group LLC bought a new stake in shares of FedEx in the second quarter valued at $307,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 0.2 %

FDX opened at $275.72 on Wednesday. The company’s 50 day moving average price is $283.19 and its two-hundred day moving average price is $283.74. The firm has a market capitalization of $66.41 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.14 and a beta of 1.20. FedEx has a fifty-two week low of $234.45 and a fifty-two week 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 posted its quarterly earnings data 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. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $3.99 earnings per share. As a group, research analysts predict that FedEx will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

FedEx Company Profile

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.