UBS Group Cuts FedEx (NYSE:FDX) Price Target to $331.00

FedEx (NYSE:FDX - Get Free Report) had its price objective dropped by research analysts at UBS Group from $350.00 to $331.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the shipping service provider's stock. UBS Group's target price indicates a potential upside of 37.24% from the stock's current price.

A number of other research analysts also recently weighed in on the company. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Citigroup dropped their target price on shares of FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Raymond James lowered their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a report on Friday. Loop Capital downgraded FedEx from a "hold" rating to a "sell" rating and cut their target price for the stock from $283.00 to $221.00 in a report on Friday. Finally, Wells Fargo & Company lowered their target price on FedEx from $275.00 to $260.00 and set an "equal weight" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $300.60.

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FedEx Stock Down 0.5 %

NYSE:FDX traded down $1.13 on Friday, hitting $241.19. 2,668,902 shares of the company's stock traded hands, compared to its average volume of 1,686,039. The firm has a 50-day moving average price of $258.58 and a 200-day moving average price of $271.75. FedEx has a 1 year low of $217.22 and a 1 year high of $313.84. The company has a market cap of $58.09 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the business earned $3.86 EPS. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insider Buying and Selling

In other FedEx news, Director Amy B. Lane bought 333 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in FDX. Vanguard Group Inc. boosted its holdings in FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after purchasing an additional 56,236 shares during the period. Dodge & Cox increased its holdings in FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after purchasing an additional 734,268 shares during the period. Geode Capital Management LLC raised its holdings in FedEx by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after purchasing an additional 109,006 shares during the last quarter. Franklin Resources Inc. lifted its stake in FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Invesco Ltd. increased its position in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after buying an additional 127,044 shares in the last quarter. 84.47% of the stock is currently 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.