Analysts Set FedEx Co. (NYSE:FDX) PT at $145.10
Shares of FedEx Co. (NYSE:FDX) have earned a consensus recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $145.10.
A number of research firms recently commented on FDX. Credit Suisse Group dropped their target price on shares of FedEx from $159.00 to $121.00 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Stifel Nicolaus dropped their target price on shares of FedEx from $136.00 to $120.00 in a report on Wednesday, March 18th. Berenberg Bank reiterated a “neutral” rating and issued a $150.00 target price on shares of FedEx in a report on Tuesday, February 4th. Cowen dropped their target price on shares of FedEx from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Finally, Stephens dropped their target price on shares of FedEx from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, March 16th.
In other FedEx news, Director John A. Edwardson bought 5,000 shares of FedEx stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $111.06 per share, for a total transaction of $555,300.00. Following the completion of the purchase, the director now directly owns 82,966 shares of the company’s stock, valued at $9,214,203.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick W. Smith sold 155,750 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.71, for a total transaction of $18,333,332.50. The disclosure for this sale can be found here. 8.44% of the stock is owned by insiders.
Shares of FDX stock traded down $1.59 during midday trading on Thursday, reaching $107.52. 2,938,502 shares of the company were exchanged, compared to its average volume of 2,969,073. FedEx has a 12 month low of $88.69 and a 12 month high of $179.43. The company has a market cap of $28.50 billion, a P/E ratio of -77.35, a PEG ratio of 1.08 and a beta of 1.32. The company’s 50 day moving average price is $119.92 and its two-hundred day moving average price is $142.26. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.16 and a current ratio of 1.21.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 17th. The shipping service provider reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. FedEx had a negative net margin of 0.50% and a positive return on equity of 17.05%. The company had revenue of $17.49 billion for the quarter, compared to the consensus estimate of $16.89 billion. During the same period in the previous year, the firm earned $3.03 EPS. FedEx’s revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that FedEx will post 9.25 earnings per share for the current year.
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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