Shares of FedEx Co. (NYSE:FDX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $319.74.
Several equities research analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of FedEx from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Piper Sandler downgraded shares of FedEx to a "neutral" rating in a research note on Monday, February 3rd. UBS Group raised their target price on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, December 20th. TD Cowen raised their target price on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, Loop Capital downgraded shares of FedEx from a "buy" rating to a "hold" rating and lowered their target price for the company from $365.00 to $283.00 in a research note on Monday, February 3rd.
Read Our Latest Report on FDX
Insider Buying and Selling
In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business'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 transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On FedEx
Large investors have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI grew its holdings in shares of FedEx by 3.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock valued at $360,000 after acquiring an additional 38 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of FedEx by 2.4% during the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after acquiring an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of FedEx by 4.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after acquiring an additional 39 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of FedEx by 1.5% during the 3rd quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider's stock valued at $728,000 after acquiring an additional 40 shares in the last quarter. Finally, Cetera Trust Company N.A grew its holdings in shares of FedEx by 0.5% during the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after acquiring an additional 40 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.
FedEx Trading Up 1.2 %
Shares of FedEx stock opened at $250.64 on Thursday. The company has a market capitalization of $60.37 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.11 and a beta of 1.23. 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 fifty day moving average of $267.66 and a 200 day moving average of $276.69. FedEx has a fifty-two week low of $242.92 and a fifty-two week high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 EPS. The business's revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.
FedEx Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.20%. FedEx's dividend payout ratio is currently 35.18%.
About FedEx
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Get Free ReportFedEx 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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