FedEx Co. (NYSE:FDX) Receives $321.87 Average Target Price from Analysts

Shares of FedEx Co. (NYSE:FDX) have received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $321.87.

FDX has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and reduced their target price for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. Stifel Nicolaus reduced their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Stephens lowered their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Finally, Wells Fargo & Company upped their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th.

FedEx Stock Up 1.8 %

Shares of NYSE FDX opened at $267.83 on Friday. The stock has a market capitalization of $64.51 billion, a P/E ratio of 17.07, a PEG ratio of 1.07 and a beta of 1.18. The firm’s 50 day simple moving average is $272.40 and its two-hundred day simple moving average is $279.23. FedEx has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the firm posted $3.99 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.06%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Activity

In other news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. Fortitude Family Office LLC boosted its holdings in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares during the period. Evermay Wealth Management LLC increased its stake in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Transce3nd LLC purchased a new stake in shares of FedEx in the fourth quarter valued at about $26,000. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the fourth quarter worth about $28,000. Finally, City Holding Co. purchased a new position in shares of FedEx during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

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.