FedEx (NYSE:FDX - Free Report) had its target price upped by TD Cowen from $328.00 to $337.00 in a report published on Friday, Marketbeat reports. They currently have a buy rating on the shipping service provider's stock.
A number of other equities analysts have also issued reports on FDX. Sanford C. Bernstein lowered FedEx from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Raymond James decreased their target price on FedEx from $335.00 to $330.00 and set a "buy" rating for the company in a report on Friday, September 20th. BMO Capital Markets reduced their price target on shares of FedEx from $325.00 to $300.00 and set a "market perform" rating for the company in a research report on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Finally, Bank of America reduced their target price on shares of FedEx from $347.00 to $345.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $325.24.
Get Our Latest Analysis on FedEx
FedEx Trading Down 0.1 %
Shares of NYSE:FDX traded down $0.15 on Friday, hitting $275.73. 8,092,276 shares of the company's stock were exchanged, compared to its average volume of 1,820,057. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a market capitalization of $67.37 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The business's 50 day simple moving average is $282.71 and its two-hundred day simple moving average is $281.85. FedEx has a 12 month low of $234.45 and a 12 month high of $313.84.
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 for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. During the same period in the prior year, the business posted $3.99 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Analysts anticipate that FedEx will post 19.59 EPS for the current fiscal year.
FedEx Dividend Announcement
The business 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 $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, December 9th. FedEx's payout ratio is currently 34.05%.
Hedge Funds Weigh In On FedEx
Several large investors have recently modified their holdings of FDX. Geode Capital Management LLC lifted its holdings in FedEx by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after buying an additional 67,502 shares during the last quarter. Franklin Resources Inc. lifted its stake in FedEx by 8.6% during the third 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 last quarter. Ameriprise Financial Inc. boosted its holdings in FedEx by 34.6% in the second 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 during the period. Dimensional Fund Advisors LP increased its stake in FedEx by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock valued at $654,312,000 after purchasing an additional 121,240 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of FedEx by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock worth $465,031,000 after purchasing an additional 11,100 shares during the period. 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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