FedEx (NYSE: FDX)‘s stock had its “sector perform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a $95.00 price target on the stock.
FDX has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of FedEx in a research note to investors on Wednesday. They set an “outperform” rating and a $124.00 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of FedEx in a research note to investors on Tuesday. They set an “outperform” rating and a $124.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of FedEx in a research note to investors on Friday, March 1st. They set an “outperform” rating and a $124.00 price target on the stock.
Eighteen analysts have rated the stock with a buy rating, two have given an overweight rating, and ten have assigned a hold rating to the stock. FedEx presently has an average rating of “overweight” and an average price target of $111.90.
Shares of FedEx traded down 0.79% during mid-day trading on Thursday, hitting $107.05. FedEx has a 52 week low of $83.80 and a 52 week high of $109.48. The stock’s 50-day moving average is currently $104.1. The company has a market cap of $33.663 billion and a P/E ratio of 17.32.
FedEx last announced its earnings results on Wednesday, December 19th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. FedEx has set its Q3 guidance at $1.25-1.45 EPS and its FY13 guidance at $6.20-6.60 EPS. On average, analysts predict that FedEx will post $6.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 7th.
Operates a small package specialty air freight service in the U.S. offering door-to-door overnight delivery by operating its own integrated air-ground transportation system.
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