FedEx (NYSE:FDX) Stock Rating Lowered by StockNews.com

FedEx (NYSE:FDXGet Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also recently commented on FDX. Raymond James reduced their target price on shares of FedEx from $279.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, December 20th. TD Cowen upped their target price on shares of FedEx from $290.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Bank Of America (Bofa) upped their target price on shares of FedEx from $330.00 to $334.00 in a report on Wednesday, December 20th. Barclays reduced their target price on shares of FedEx from $330.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, December 20th. Finally, Stephens dropped their price target on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, December 20th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.93.

Get Our Latest Report on FDX

FedEx Stock Up 0.7 %

Shares of FedEx stock opened at $244.35 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.34. The stock has a market capitalization of $61.06 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. FedEx has a 52-week low of $190.83 and a 52-week high of $285.53. The company has a 50-day simple moving average of $253.10 and a two-hundred day simple moving average of $254.62.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.15). FedEx had a net margin of 4.87% and a return on equity of 16.47%. The company had revenue of $22.17 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts anticipate that FedEx will post 17.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were bought at an average price of $252.02 per share, with a total value of $252,020.00. Following the transaction, the executive vice president now owns 4,745 shares in the company, valued at $1,195,834.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were bought at an average price of $252.02 per share, with a total value of $252,020.00. Following the transaction, the executive vice president now owns 4,745 shares in the company, valued at $1,195,834.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane bought 200 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $253.22 per share, for a total transaction of $50,644.00. Following the transaction, the director now owns 3,304 shares in the company, valued at approximately $836,638.88. The disclosure for this purchase can be found here. 8.73% of the stock is owned by insiders.

Institutional Trading of FedEx

Several large investors have recently made changes to their positions in FDX. Financial Management Professionals Inc. lifted its stake in shares of FedEx by 143.2% in the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after purchasing an additional 63 shares during the period. Private Wealth Management Group LLC acquired a new position in FedEx during the fourth quarter worth $28,000. Rakuten Securities Inc. acquired a new position in FedEx during the fourth quarter worth $30,000. Tennessee Valley Asset Management Partners acquired a new position in FedEx during the fourth quarter worth $31,000. Finally, Planned Solutions Inc. acquired a new position in FedEx during the fourth quarter worth $32,000. 73.61% of the stock is owned by hedge funds and other institutional investors.

About FedEx

(Get Free Report)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

See Also

Analyst Recommendations for FedEx (NYSE:FDX)

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