FedEx (NYSE:FDX) Downgraded to "Hold" Rating by Loop Capital

FedEx (NYSE:FDX - Get Free Report) was downgraded by equities research analysts at Loop Capital from a "buy" rating to a "hold" rating in a research note issued on Monday, Marketbeat reports. They currently have a $283.00 target price on the shipping service provider's stock, down from their prior target price of $365.00. Loop Capital's price objective suggests a potential upside of 13.71% from the stock's previous close.

Several other research firms have also weighed in on FDX. JPMorgan Chase & Co. lifted their target price on shares of FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on shares of FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. TD Cowen raised their target price on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Bank of America upped their target price on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Finally, Raymond James lifted their price target on shares of FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.87.

FedEx Stock Performance

NYSE FDX traded down $2.06 during trading hours on Monday, reaching $248.89. The stock had a trading volume of 340,537 shares, compared to its average volume of 1,673,339. FedEx has a 52-week low of $234.45 and a 52-week high of $313.84. The stock has a fifty day moving average of $277.43 and a 200 day moving average of $281.22. 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 stock has a market cap of $59.94 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 earnings per share. Sell-side analysts predict that FedEx will post 19.14 earnings per share for the current year.

Insider Activity

In related news, Director Amy B. Lane bought 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company's stock.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently made changes to their positions in FDX. Fortitude Family Office LLC increased its holdings in shares of 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 acquiring an additional 52 shares during the period. Evermay Wealth Management LLC raised its stake in shares of FedEx by 72.7% during the 3rd 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. purchased a new stake in shares of FedEx during the 4th quarter worth $28,000. City Holding Co. acquired a new position in FedEx during the fourth quarter worth about $28,000. Finally, Kentucky Trust Co acquired a new position in FedEx during the fourth quarter worth $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.

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.