Shares of FedEx Co. (NYSE:FDX) have received a consensus rating of “Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $283.84.

FDX has been the subject of several research analyst reports. Citigroup upped their price target on shares of FedEx from $274.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, May 16th. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a report on Wednesday, May 30th. Morgan Stanley upped their price target on shares of FedEx from $240.00 to $248.00 and gave the company an “equal weight” rating in a report on Monday, June 4th. Oppenheimer upped their price target on shares of FedEx from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, June 14th. Finally, Credit Suisse Group upped their price target on shares of FedEx from $306.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, June 20th.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in FedEx by 0.9% during the second quarter. BlackRock Inc. now owns 15,172,550 shares of the shipping service provider’s stock worth $3,445,080,000 after acquiring an additional 134,397 shares in the last quarter. FMR LLC raised its position in FedEx by 4.5% during the second quarter. FMR LLC now owns 4,582,932 shares of the shipping service provider’s stock worth $1,040,600,000 after acquiring an additional 197,188 shares in the last quarter. Neuberger Berman Group LLC raised its position in FedEx by 10.2% during the first quarter. Neuberger Berman Group LLC now owns 2,234,433 shares of the shipping service provider’s stock worth $536,510,000 after acquiring an additional 206,147 shares in the last quarter. Morgan Stanley raised its position in FedEx by 3.7% during the second quarter. Morgan Stanley now owns 1,577,356 shares of the shipping service provider’s stock worth $358,156,000 after acquiring an additional 56,831 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in FedEx by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,481,717 shares of the shipping service provider’s stock worth $336,439,000 after acquiring an additional 8,792 shares in the last quarter. 72.52% of the stock is currently owned by institutional investors and hedge funds.

NYSE FDX traded down $0.42 during trading on Tuesday, reaching $246.32. 26,705 shares of the stock traded hands, compared to its average volume of 1,093,195. The stock has a market cap of $65.48 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.33 and a current ratio of 1.39. FedEx has a fifty-two week low of $207.22 and a fifty-two week high of $274.66.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 19th. The shipping service provider reported $5.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.72 by $0.19. The firm had revenue of $17.31 billion during the quarter, compared to analysts’ expectations of $17.24 billion. FedEx had a net margin of 6.99% and a return on equity of 23.17%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.25 earnings per share. analysts predict that FedEx will post 17.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 10th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, September 7th. FedEx’s dividend payout ratio is presently 16.98%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Analyst Recommendations for FedEx (NYSE:FDX)

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