FedEx (NYSE:FDX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

FedEx (NYSE:FDX - Get Free Report) had its price target lifted by analysts at BMO Capital Markets from $300.00 to $330.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "market perform" rating on the shipping service provider's stock. BMO Capital Markets' price objective indicates a potential upside of 19.68% from the company's current price.

A number of other equities research analysts have also recently issued reports on FDX. Stephens reiterated an "overweight" rating and issued a $350.00 price objective on shares of FedEx in a report on Friday, September 20th. Bank of America upped their price target on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday. Barclays raised their price objective on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. HSBC cut FedEx from a "buy" rating to a "hold" rating and set a $300.00 target price for the company. in a research report on Friday, September 20th. Finally, UBS Group boosted their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $325.24.

FedEx Stock Down 0.1 %

FDX stock traded down $0.15 during mid-day trading on Friday, hitting $275.73. The stock had a trading volume of 8,092,276 shares, compared to its average volume of 1,820,057. FedEx has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a fifty day moving average of $282.48 and a 200 day moving average of $281.66. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $67.37 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.17 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate 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 4.62% and a return on equity of 15.61%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 earnings per share. On average, equities analysts expect that FedEx will post 19.59 EPS for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in FDX. Principal Financial Group Inc. grew its holdings in shares of FedEx by 4.1% in the 3rd quarter. Principal Financial Group Inc. now owns 256,870 shares of the shipping service provider's stock worth $70,300,000 after purchasing an additional 10,063 shares during the last quarter. DGS Capital Management LLC boosted its position in FedEx by 10.7% in the third quarter. DGS Capital Management LLC now owns 1,405 shares of the shipping service provider's stock valued at $385,000 after buying an additional 136 shares in the last quarter. Franklin Resources Inc. grew its stake in FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after buying an additional 314,380 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of FedEx by 251.8% during the third quarter. Synovus Financial Corp now owns 14,936 shares of the shipping service provider's stock worth $4,087,000 after buying an additional 10,690 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of FedEx by 18.9% during the third quarter. Tidal Investments LLC now owns 18,870 shares of the shipping service provider's stock worth $5,164,000 after buying an additional 2,994 shares in the last quarter. 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.