Analysts at BMO Capital Markets initiated coverage on shares of FedEx Corp. (NYSE:FDX) in a research note issued on Thursday. The firm set a “market perform” rating and a $190.00 price target on the shipping service provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 1.45% from the company’s previous close.

Several other research firms have also recently commented on FDX. Stifel Nicolaus cut FedEx Corp. from a “buy” rating to a “hold” rating and set a $186.00 price target for the company. in a research note on Tuesday, November 15th. They noted that the move was a valuation call. Vetr cut FedEx Corp. from a “buy” rating to a “hold” rating and set a $179.94 price target for the company. in a research note on Tuesday, September 27th. Citigroup Inc. restated a “buy” rating on shares of FedEx Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded FedEx Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Finally, Robert W. Baird restated an “outperform” rating and set a $185.00 price target on shares of FedEx Corp. in a research note on Friday, September 23rd. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $178.08.

Analyst Recommendations for FedEx Corp. (NYSE:FDX)

Shares of FedEx Corp. (NYSE:FDX) opened at 187.29 on Thursday. The firm has a market cap of $49.77 billion, a PE ratio of 28.01 and a beta of 1.14. FedEx Corp. has a 52 week low of $119.71 and a 52 week high of $187.33. The firm’s 50-day moving average is $174.41 and its 200 day moving average is $165.10.

FedEx Corp. (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.09. FedEx Corp. had a return on equity of 21.65% and a net margin of 3.49%. The business earned $14.70 billion during the quarter. During the same quarter last year, the company earned $2.42 EPS. FedEx Corp.’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts forecast that FedEx Corp. will post $12.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. FedEx Corp.’s dividend payout ratio (DPR) is 23.99%.

In other news, EVP Christine P. Richards sold 80,080 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $173.59, for a total value of $13,901,087.20. Following the transaction, the executive vice president now directly owns 98,620 shares in the company, valued at approximately $17,119,445.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John L. Merino sold 10,280 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $181.72, for a total value of $1,868,081.60. Following the completion of the transaction, the vice president now owns 29,722 shares in the company, valued at $5,401,081.84. The disclosure for this sale can be found here. 8.67% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its stake in shares of FedEx Corp. by 21.1% in the third quarter. Mycio Wealth Partners LLC now owns 597 shares of the shipping service provider’s stock valued at $104,000 after buying an additional 104 shares during the last quarter. Adirondack Trust Co. increased its stake in shares of FedEx Corp. by 15.0% in the third quarter. Adirondack Trust Co. now owns 652 shares of the shipping service provider’s stock valued at $114,000 after buying an additional 85 shares during the last quarter. Brick & Kyle Associates increased its stake in shares of FedEx Corp. by 2.2% in the third quarter. Brick & Kyle Associates now owns 664 shares of the shipping service provider’s stock valued at $116,000 after buying an additional 14 shares during the last quarter. First Personal Financial Services increased its stake in shares of FedEx Corp. by 18.6% in the second quarter. First Personal Financial Services now owns 708 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 111 shares during the last quarter. Finally, Coconut Grove Bank increased its stake in shares of FedEx Corp. by 2.2% in the third quarter. Coconut Grove Bank now owns 758 shares of the shipping service provider’s stock valued at $133,000 after buying an additional 16 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.

FedEx Corp. Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

5 Day Chart for NYSE:FDX

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