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

Shares of FedEx Co. (NYSE:FDX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-six research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $325.61.

A number of brokerages have recently issued reports on FDX. Wells Fargo & Company upped their target price on shares of FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Citigroup upped their price objective on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Loop Capital upgraded FedEx from a "hold" rating to a "buy" rating and lifted their target price for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Stifel Nicolaus increased their price target on FedEx from $321.00 to $368.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, UBS Group lifted their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, December 20th.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm'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 in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FedEx

Hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC raised its position in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC increased its stake in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after buying an additional 40 shares during the period. Peoples Financial Services CORP. bought a new position in FedEx in the 4th quarter valued at approximately $28,000. City Holding Co. acquired a new stake in FedEx during the 4th quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in FedEx during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Down 0.8 %

FDX traded down $2.26 on Wednesday, hitting $275.11. 1,577,458 shares of the company were exchanged, compared to its average volume of 1,877,061. The stock's fifty day moving average is $283.48 and its 200-day moving average is $284.04. 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 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market cap of $66.26 billion, a PE ratio of 17.53, a PEG ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.99 EPS. Equities research analysts predict that FedEx will post 19.2 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx's dividend payout ratio is currently 35.18%.

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.