Morgan Stanley set a $148.00 price objective on FedEx (NYSE:FDX) in a report issued on Friday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the shipping service provider’s stock.

FDX has been the topic of several other reports. UBS Group cut FedEx from a neutral rating to a sell rating and reduced their price objective for the stock from $171.00 to $161.00 in a research note on Friday, April 26th. Credit Suisse Group reissued a buy rating and set a $241.00 price objective on shares of FedEx in a research note on Monday, April 1st. Berenberg Bank cut FedEx from a buy rating to a hold rating and reduced their price objective for the stock from $245.00 to $200.00 in a research note on Monday, April 1st. Susquehanna Bancshares reissued a neutral rating and set a $174.00 price objective on shares of FedEx in a research note on Thursday, March 28th. Finally, Daiwa Capital Markets cut FedEx from an outperform rating to a neutral rating and reduced their price objective for the stock from $187.00 to $179.00 in a research note on Thursday, March 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. FedEx has a consensus rating of Hold and a consensus price target of $212.33.

NYSE:FDX opened at $169.92 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.40 and a debt-to-equity ratio of 0.87. The stock has a market cap of $44.28 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.62. FedEx has a 52 week low of $150.94 and a 52 week high of $266.67.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the Zacks’ consensus estimate of $3.10 by ($0.07). The business had revenue of $17.01 billion for the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a net margin of 5.25% and a return on equity of 22.67%. FedEx’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.72 earnings per share. As a group, analysts predict that FedEx will post 15.44 earnings per share for the current fiscal year.

In related news, EVP Alan B. Graf, Jr. sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $173.30, for a total value of $4,679,100.00. Following the completion of the sale, the executive vice president now owns 200,320 shares in the company, valued at $34,715,456. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $175.11, for a total value of $525,330.00. The disclosure for this sale can be found here. Insiders sold 185,650 shares of company stock valued at $34,751,470 in the last quarter. 8.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. Oregon Public Employees Retirement Fund boosted its holdings in shares of FedEx by 15,104.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock valued at $87,000 after purchasing an additional 13,970,642 shares during the period. Norges Bank acquired a new position in shares of FedEx in the 4th quarter valued at $303,958,000. Artisan Partners Limited Partnership increased its position in shares of FedEx by 40.7% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,740,543 shares of the shipping service provider’s stock valued at $497,162,000 after acquiring an additional 792,575 shares during the period. LSV Asset Management increased its position in shares of FedEx by 39.7% in the 1st quarter. LSV Asset Management now owns 1,986,887 shares of the shipping service provider’s stock valued at $360,441,000 after acquiring an additional 564,452 shares during the period. Finally, Lakewood Capital Management LP increased its position in shares of FedEx by 102.8% in the 4th quarter. Lakewood Capital Management LP now owns 943,200 shares of the shipping service provider’s stock valued at $152,166,000 after acquiring an additional 478,000 shares during the period. Hedge funds and other institutional investors own 71.68% of the company’s stock.

About FedEx

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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