Barclays Increases FedEx (NYSE:FDX) Price Target to $365.00

FedEx (NYSE:FDX - Get Free Report) had its price target hoisted by equities researchers at Barclays from $350.00 to $365.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the shipping service provider's stock. Barclays's price target points to a potential upside of 24.97% from the company's previous close.

A number of other brokerages have also commented on FDX. UBS Group decreased their price objective on FedEx from $333.00 to $311.00 and set a "buy" rating for the company in a research report on Friday, September 20th. Evercore ISI decreased their price objective on FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. BMO Capital Markets decreased their price objective on FedEx from $325.00 to $300.00 and set a "market perform" rating for the company in a research report on Friday, September 20th. Daiwa America lowered FedEx from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 11th. Finally, Hsbc Global Res lowered FedEx from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $316.04.

FedEx Trading Up 1.7 %

FDX traded up $4.81 during trading on Wednesday, reaching $292.08. The company had a trading volume of 1,896,851 shares, compared to its average volume of 1,809,805. The firm's 50-day simple moving average is $275.05 and its 200 day simple moving average is $275.84. The company has a market cap of $71.36 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.15 and a beta of 1.17. FedEx has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts' consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the previous year, the business posted $4.55 earnings per share. The company's revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that FedEx will post 19.59 earnings per share for the current year.

Institutional Trading of FedEx

Institutional investors and hedge funds have recently modified their holdings of the company. Evermay Wealth Management LLC increased its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after purchasing an additional 40 shares during the period. Highline Wealth Partners LLC bought a new stake in FedEx in the third quarter valued at $31,000. Central Valley Advisors LLC bought a new stake in FedEx in the second quarter valued at $39,000. Abound Wealth Management grew its position in FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider's stock valued at $45,000 after acquiring an additional 95 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in FedEx in the third quarter valued at $47,000. 84.47% of the stock is currently owned by institutional investors.

About FedEx

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.