FedEx (NYSE:FDX) had its price objective dropped by research analysts at UBS Group from $234.00 to $200.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the shipping service provider’s stock. UBS Group’s price objective suggests a potential upside of 16.97% from the company’s previous close.
FDX has been the subject of several other reports. Wolfe Research set a $275.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Tuesday, September 18th. Daiwa Capital Markets set a $190.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research report on Monday, December 3rd. Loop Capital increased their price target on shares of FedEx to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Finally, BMO Capital Markets decreased their price target on shares of FedEx to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $237.75.
NYSE:FDX opened at $170.99 on Thursday. FedEx has a 1-year low of $150.94 and a 1-year high of $274.66. The stock has a market capitalization of $44.53 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.84 and a beta of 1.63. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.85.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.05 by ($0.02). FedEx had a return on equity of 24.11% and a net margin of 7.23%. The business had revenue of $17.82 billion during the quarter, compared to analysts’ expectations of $17.71 billion. During the same period last year, the company earned $3.18 earnings per share. Analysts predict that FedEx will post 15.91 earnings per share for the current fiscal year.
In other FedEx news, Director David P. Steiner purchased 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were bought at an average price of $162.92 per share, for a total transaction of $1,140,440.00. Following the acquisition, the director now owns 25,994 shares in the company, valued at $4,234,942.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Patricia Griffith purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The stock was acquired at an average price of $225.16 per share, for a total transaction of $225,160.00. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its holdings in FedEx by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 19,396,617 shares of the shipping service provider’s stock worth $4,670,511,000 after buying an additional 96,084 shares during the period. Dodge & Cox boosted its position in FedEx by 20.0% in the 3rd quarter. Dodge & Cox now owns 12,391,153 shares of the shipping service provider’s stock worth $2,983,666,000 after purchasing an additional 2,065,853 shares in the last quarter. FMR LLC boosted its position in FedEx by 4.5% in the 2nd quarter. FMR LLC now owns 4,582,932 shares of the shipping service provider’s stock worth $1,040,600,000 after purchasing an additional 197,188 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in FedEx by 4.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,617,702 shares of the shipping service provider’s stock worth $871,106,000 after purchasing an additional 170,410 shares in the last quarter. Finally, Jackson Square Partners LLC boosted its position in FedEx by 0.6% in the 3rd quarter. Jackson Square Partners LLC now owns 2,643,463 shares of the shipping service provider’s stock worth $636,519,000 after purchasing an additional 16,497 shares in the last quarter. Institutional investors own 72.44% of the company’s stock.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
See Also: Float
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.