FedEx (NYSE:FDX - Free Report) had its target price boosted by Raymond James from $305.00 to $320.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the shipping service provider's stock.
Several other analysts have also commented on the company. Hsbc Global Res lowered FedEx from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Evercore ISI reduced their price target on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. BMO Capital Markets raised their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a report on Friday. UBS Group upped their target price on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a report on Friday. Finally, TD Cowen lifted their price target on shares of FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.24.
Read Our Latest Analysis on FedEx
FedEx Stock Down 0.1 %
Shares of NYSE FDX traded down $0.15 during midday 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. The company has a market cap of $67.37 billion, a P/E ratio of 17.01, a PEG ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $282.71 and its 200-day moving average is $281.85. FedEx has a 52 week low of $234.45 and a 52 week high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period last year, the business posted $3.99 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, analysts predict that FedEx will post 19.59 EPS for the current year.
FedEx Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx's dividend payout ratio is currently 34.05%.
Institutional Trading of FedEx
A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock worth $2,147,540,000 after buying an additional 647,926 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after acquiring an additional 578,350 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after purchasing an additional 314,380 shares during the period. World Investment Advisors LLC grew its holdings in FedEx by 2,163.7% during the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider's stock valued at $52,667,000 after purchasing an additional 183,940 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its position in FedEx by 77.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider's stock worth $101,022,000 after purchasing an additional 161,022 shares during the period. 84.47% of the stock is currently owned by institutional investors.
About FedEx
(
Get Free Report)
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.
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