FedEx (NYSE:FDX - Get Free Report) had its price objective decreased by analysts at Stephens from $350.00 to $345.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the shipping service provider's stock. Stephens' price target would suggest a potential upside of 25.12% from the company's current price.
Other analysts also recently issued reports about the company. Susquehanna reduced their price target on FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research note on Friday, September 20th. UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday. Raymond James decreased their price target on shares of FedEx from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Hsbc Global Res cut shares of FedEx from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, HSBC lowered shares of FedEx from a "buy" rating to a "hold" rating and set a $300.00 target price on the stock. in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus price target of $325.24.
View Our Latest Research Report on FDX
FedEx Stock Performance
Shares of FDX traded down $0.15 during trading hours on Friday, hitting $275.73. The company had a trading volume of 8,092,276 shares, compared to its average volume of 1,820,057. The business has a fifty day moving average of $282.48 and a 200-day moving average of $281.66. 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 firm has a market cap 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 has a 12 month low of $234.45 and a 12 month high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results 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. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business's revenue was down .7% on a year-over-year basis. Equities analysts anticipate that FedEx will post 19.59 EPS for the current fiscal year.
Institutional Trading of FedEx
A number of hedge funds and other institutional investors have recently modified their holdings of FDX. International Assets Investment Management LLC lifted its stake in shares of FedEx by 473.8% in the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock valued at $2,147,540,000 after acquiring an additional 647,926 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in 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 purchasing an additional 578,350 shares in the last quarter. Franklin Resources Inc. raised its position in FedEx by 8.6% in the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock valued at $1,042,050,000 after purchasing an additional 314,380 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of FedEx by 2,163.7% during the third 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 in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of FedEx by 77.8% during the third 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 last quarter. Institutional investors own 84.47% of the company's stock.
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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