FedEx (NYSE:FDX) PT Raised to $217.00

FedEx (NYSE:FDXGet Rating) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $190.00 to $217.00 in a report published on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Stephens reduced their price objective on FedEx from $295.00 to $200.00 in a research report on Friday, September 23rd. Jefferies Financial Group initiated coverage on FedEx in a research report on Monday, October 24th. They set a hold rating and a $170.00 price objective on the stock. StockNews.com initiated coverage on FedEx in a research report on Wednesday, October 12th. They set a hold rating on the stock. Cowen reduced their price objective on FedEx from $230.00 to $185.00 and set an outperform rating on the stock in a research report on Friday, September 23rd. Finally, Bank Of America (Bofa) lowered FedEx from a buy rating to a neutral rating and reduced their price objective for the stock from $275.00 to $186.00 in a research report on Friday, September 16th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $203.04.

FedEx Price Performance

FedEx stock opened at $180.45 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.42. FedEx has a 52 week low of $141.92 and a 52 week high of $266.79. The stock has a market capitalization of $46.96 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. The stock has a fifty day moving average of $160.59 and a 200-day moving average of $198.72.

FedEx (NYSE:FDXGet Rating) last posted its quarterly earnings results on Thursday, September 22nd. The shipping service provider reported $3.44 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.01. FedEx had a return on equity of 20.95% and a net margin of 3.79%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.78 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. FedEx’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that FedEx will post 14.34 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, December 9th. This represents a $4.60 annualized dividend and a dividend yield of 2.55%. FedEx’s payout ratio is 33.97%.

Insider Activity at FedEx

In other FedEx news, Director R Brad Martin bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average price of $143.41 per share, for a total transaction of $215,115.00. Following the transaction, the director now directly owns 750 shares in the company, valued at $107,557.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its stake in FedEx by 53.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 66,692 shares of the shipping service provider’s stock worth $15,432,000 after buying an additional 23,157 shares during the period. NN Investment Partners Holdings N.V. raised its stake in FedEx by 15.2% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 54,607 shares of the shipping service provider’s stock worth $12,635,000 after buying an additional 7,192 shares during the period. Ritholtz Wealth Management raised its stake in shares of FedEx by 33.6% in the second quarter. Ritholtz Wealth Management now owns 1,273 shares of the shipping service provider’s stock worth $289,000 after purchasing an additional 320 shares during the last quarter. Cambridge Trust Co. raised its stake in shares of FedEx by 13.0% in the first quarter. Cambridge Trust Co. now owns 885 shares of the shipping service provider’s stock worth $205,000 after purchasing an additional 102 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in shares of FedEx by 5,110.4% in the second quarter. Gradient Investments LLC now owns 62,264 shares of the shipping service provider’s stock worth $14,116,000 after purchasing an additional 61,069 shares during the last quarter. 71.62% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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