FedEx (NYSE:FDX) Stock Rating Lowered by Loop Capital

FedEx (NYSE:FDX - Get Free Report) was downgraded by stock analysts at Loop Capital from a "buy" rating to a "hold" rating in a research note issued to investors on Monday, Marketbeat reports. They presently 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 target price would indicate a potential upside of 12.71% from the company's current price.

FDX has been the topic of a number of other reports. Stifel Nicolaus lowered their price target on shares of FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets upped their price target on FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. UBS Group upped their target price on FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, Raymond James boosted their price target on FedEx from $305.00 to $320.00 and gave the stock 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $321.87.

FedEx Trading Up 1.5 %

Shares of NYSE FDX traded up $3.74 during mid-day trading on Monday, reaching $251.08. The company had a trading volume of 2,184,769 shares, compared to its average volume of 1,735,374. The stock has a market cap of $60.47 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. FedEx has a 52 week low of $234.45 and a 52 week high of $313.84. The business's 50-day moving average is $278.47 and its 200-day moving average is $281.61. 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 issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. The company 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 period last year, the company posted $3.99 earnings per share. Equities analysts expect that FedEx will post 19.14 earnings per share for the current year.

Insiders Place Their Bets

In other FedEx news, Director Amy B. Lane purchased 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now owns 333 shares of the company's stock, valued at $91,927.98. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Institutional Trading of FedEx

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in FedEx during the third quarter worth $3,405,000. Czech National Bank lifted its position in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Wedmont Private Capital grew its stake in shares of FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after acquiring an additional 91 shares in the last quarter. Persium Advisors LLC acquired a new stake in FedEx in the 4th quarter valued at about $530,000. Finally, GFS Advisors LLC purchased a new position in FedEx in the fourth quarter worth approximately $26,855,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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.