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.
Further Reading

Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.