FedEx Co. (NYSE:FDX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of FedEx Co. (NYSE:FDX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirty analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $297.71.

FDX has been the subject of a number of research analyst reports. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Truist Financial dropped their target price on shares of FedEx from $305.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday. Raymond James decreased their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Stephens dropped their price objective on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Finally, UBS Group reduced their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a report on Friday, March 21st.

Insider Transactions at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FedEx

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC boosted its holdings in FedEx by 144.4% in the 4th 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 period. Transce3nd LLC acquired a new position in FedEx in the fourth quarter valued at about $26,000. Peoples Financial Services CORP. bought a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. bought a new position in FedEx in the fourth quarter valued at approximately $28,000. Finally, Kentucky Trust Co acquired a new position in FedEx during the fourth quarter valued at approximately $28,000. Institutional investors own 84.47% of the company's stock.

FedEx Stock Up 2.2 %

Shares of NYSE:FDX opened at $215.74 on Friday. The company's fifty day moving average is $234.59 and its 200-day moving average is $262.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx has a 52 week low of $194.30 and a 52 week high of $313.84. The company has a market capitalization of $51.69 billion, a PE ratio of 13.75, a P/E/G ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the company posted $3.86 earnings per share. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio is presently 34.63%.

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.

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