Investment analysts at Deutsche Bank AG initiated coverage on shares of FedEx Corp. (NYSE:FDX) in a report issued on Thursday. The brokerage set a “buy” rating on the shipping service provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Vetr cut shares of FedEx Corp. from a “strong-buy” rating to a “buy” rating and set a $179.94 price target for the company. in a research report on Monday, August 8th. Stifel Nicolaus raised their target price on shares of FedEx Corp. from $179.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Barclays PLC reaffirmed a “buy” rating and issued a $205.00 target price on shares of FedEx Corp. in a research report on Monday, September 19th. Citigroup Inc. reaffirmed a “buy” rating on shares of FedEx Corp. in a research report on Thursday, September 22nd. Finally, Zacks Investment Research raised shares of FedEx Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $179.22.

Analyst Recommendations for FedEx Corp. (NYSE:FDX)

FedEx Corp. (NYSE:FDX) opened at 191.53 on Thursday. FedEx Corp. has a 12-month low of $119.71 and a 12-month high of $191.84. The company’s 50-day moving average is $177.63 and its 200 day moving average is $166.56. The stock has a market capitalization of $50.90 billion, a PE ratio of 28.65 and a beta of 1.14.

FedEx Corp. (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.09. The business earned $14.70 billion during the quarter. FedEx Corp. had a net margin of 3.49% and a return on equity of 21.65%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.42 EPS. On average, equities research analysts expect that FedEx Corp. will post $12.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 8th. FedEx Corp.’s dividend payout ratio is currently 23.99%.

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In other FedEx Corp. news, CEO David J. Bronczek sold 32,669 shares of FedEx Corp. stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $176.30, for a total transaction of $5,759,544.70. Following the transaction, the chief executive officer now owns 85,356 shares of the company’s stock, valued at $15,048,262.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Henry J. Maier sold 5,213 shares of FedEx Corp. stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $176.65, for a total transaction of $920,876.45. Following the transaction, the insider now directly owns 27,720 shares in the company, valued at approximately $4,896,738. The disclosure for this sale can be found here. Company insiders own 8.67% of the company’s stock.

A number of institutional investors have recently modified their holdings of FDX. Mycio Wealth Partners LLC increased its position 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 in the last quarter. First Personal Financial Services increased its position 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 in the last quarter. Adirondack Trust Co. increased its position 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 in the last quarter. Brick & Kyle Associates increased its position 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 in the last quarter. Finally, Coconut Grove Bank increased its position 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 in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

About FedEx Corp.

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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