Somewhat Positive Media Coverage Somewhat Unlikely to Impact FedEx (FDX) Share Price
News headlines about FedEx (NYSE:FDX) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FedEx earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the shipping service provider an impact score of 46.1552420061738 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- FedEx ups disaster relief aid to $3 million, airlifts supplies to Puerto Rico, Mexico (commercialappeal.com)
- FedEx to add 1,500 seasonal positions to KC area as holidays approach (kshb.com)
- UPS, FedEx hiring in Harrisburg for holiday season (cumberlink.com)
- FedEx plans to hire 500 seasonal workers in the Harrisburg area (pennlive.com)
- Kareem Hunt wins FedEx Ground Player of the Week (arrowheadaddict.com)
Several equities analysts recently weighed in on FDX shares. Bank of America Corporation reissued a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of FedEx in a research note on Wednesday, June 21st. Wells Fargo & Company raised their target price on shares of FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Cowen and Company reissued an “outperform” rating and issued a $240.00 target price on shares of FedEx in a research note on Wednesday, June 21st. Credit Suisse Group reissued an “outperform” rating and issued a $233.00 target price (down from $242.00) on shares of FedEx in a research note on Friday, September 15th. Finally, Zacks Investment Research raised shares of FedEx from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $225.26.
FedEx (FDX) traded up 0.59% on Friday, reaching $225.58. The company had a trading volume of 1,290,160 shares. The stock has a market capitalization of $60.49 billion, a P/E ratio of 21.27 and a beta of 1.28. The stock’s 50-day moving average price is $210.17 and its 200-day moving average price is $202.36. FedEx has a 12-month low of $168.00 and a 12-month high of $226.34.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 14.63% and a net margin of 3.90%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same period last year, the firm earned $2.90 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that FedEx will post $12.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. FedEx’s dividend payout ratio (DPR) is 18.87%.
In other FedEx news, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the transaction, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,172 shares of company stock valued at $6,039,193. Company insiders own 8.45% of the company’s stock.
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FedEx 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.
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