FedEx Co. (NYSE:FDX) Receives $325.61 Average PT from Brokerages

FedEx Co. (NYSE:FDX - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $325.61.

Several brokerages have issued reports on FDX. Bank of America boosted their target price on FedEx from $325.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Bernstein Bank increased their target price on shares of FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Citigroup upped their price target on shares of FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Susquehanna reduced their price objective on shares of FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research note on Friday, September 20th.

Insiders Place Their Bets

In other FedEx news, Director Amy B. Lane purchased 333 shares of the business's stock in a transaction on Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC lifted 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 worth $25,000 after buying an additional 52 shares during the period. Evermay Wealth Management LLC raised its stake in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in FedEx during the 4th quarter valued at approximately $28,000. Highline Wealth Partners LLC bought a new position in shares of FedEx in the 3rd quarter worth approximately $31,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of FedEx by 177.5% in the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider's stock valued at $31,000 after purchasing an additional 71 shares during the period. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE FDX traded down $1.00 during mid-day trading on Wednesday, reaching $276.62. 1,848,007 shares of the company's stock were exchanged, compared to its average volume of 1,516,401. The firm has a market capitalization of $66.62 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The firm has a 50-day moving average price of $283.89 and a two-hundred day moving average price of $284.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the firm posted $3.99 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that FedEx will post 19.59 EPS for the current year.

FedEx Announces Dividend

The company also recently declared 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 was Monday, December 9th. FedEx's dividend payout ratio (DPR) is currently 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.