FedEx Co. (NYSE:FDX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

FedEx Co. (NYSE:FDX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $321.87.

Several equities analysts recently commented on the company. Citigroup upped their target price on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. TD Cowen boosted their target price on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a report on Friday, December 20th. StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Loop Capital cut shares of FedEx from a "buy" rating to a "hold" rating and lowered their price objective for the company from $365.00 to $283.00 in a research note on Monday, February 3rd. Finally, Bank of America increased their target price on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, December 20th.

FedEx Trading Up 0.7 %

Shares of FedEx stock traded up $1.70 during mid-day trading on Friday, hitting $262.96. 1,952,736 shares of the stock were exchanged, compared to its average volume of 1,722,544. The company has a 50-day simple moving average of $273.38 and a 200 day simple moving average of $279.68. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $63.33 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. FedEx has a twelve month low of $234.45 and a twelve month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results 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 firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $3.99 earnings per share. Research analysts forecast that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.10%. FedEx's dividend payout ratio (DPR) is presently 35.18%.

Insiders Place Their Bets

In other news, Director Amy B. Lane acquired 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. raised its holdings in shares of FedEx by 87.2% during the fourth quarter. Landscape Capital Management L.L.C. now owns 13,271 shares of the shipping service provider's stock worth $3,734,000 after purchasing an additional 6,180 shares during the period. Huber Capital Management LLC grew its position in shares of FedEx by 58.0% during the 4th quarter. Huber Capital Management LLC now owns 48,779 shares of the shipping service provider's stock valued at $13,723,000 after buying an additional 17,910 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in FedEx by 12.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 11,094 shares of the shipping service provider's stock worth $3,121,000 after acquiring an additional 1,261 shares during the period. World Investment Advisors boosted its stake in FedEx by 7.3% in the fourth quarter. World Investment Advisors now owns 11,632 shares of the shipping service provider's stock valued at $3,273,000 after acquiring an additional 796 shares during the period. Finally, OneAscent Financial Services LLC boosted its stake in FedEx by 12.4% in the fourth quarter. OneAscent Financial Services LLC now owns 3,149 shares of the shipping service provider's stock valued at $888,000 after acquiring an additional 348 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

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.