Barclays Has Lowered Expectations for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX - Get Free Report) had its price objective reduced by stock analysts at Barclays from $365.00 to $350.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the shipping service provider's stock. Barclays's target price would indicate a potential upside of 45.27% from the company's current price.

Other analysts have also recently issued reports about the stock. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday. Citigroup cut their price target on FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $300.60.

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FedEx Price Performance

Shares of FedEx stock traded down $1.39 during trading on Friday, hitting $240.94. The stock had a trading volume of 1,351,340 shares, compared to its average volume of 1,691,409. The business has a fifty day moving average of $259.31 and a two-hundred day moving average of $272.04. The firm has a market cap of $58.03 billion, a P/E ratio of 15.33, a PEG ratio of 1.11 and a beta of 1.23. FedEx has a fifty-two week low of $217.22 and a fifty-two week high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly 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 net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter last year, the company posted $3.86 EPS. The firm's revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company's stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company's stock, valued at $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. 8.87% of the stock is owned by corporate insiders.

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently bought and sold shares of FDX. Citizens Financial Group Inc. RI lifted its holdings in 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 purchasing an additional 38 shares during the last quarter. Regal Investment Advisors LLC grew its stake in FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after buying an additional 38 shares during the last quarter. Cetera Trust Company N.A lifted its position in FedEx by 0.5% during the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock worth $2,230,000 after acquiring an additional 40 shares during the last quarter. Griffin Asset Management Inc. boosted its holdings in shares of FedEx by 0.4% during the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock worth $2,916,000 after acquiring an additional 40 shares during the period. Finally, Aviso Financial Inc. increased its stake in shares of FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after purchasing an additional 40 shares during the period. Institutional investors 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.