FedEx Co. (NYSE:FDX) Receives Average Recommendation of “Moderate Buy” from Analysts

FedEx Co. (NYSE:FDX) has earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $316.04.

Several research analysts recently weighed in on FDX shares. Citigroup lifted their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus decreased their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Stephens restated an “overweight” rating and set a $350.00 target price on shares of FedEx in a report on Friday, September 20th. UBS Group cut their price target on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Finally, Bank of America decreased their price objective on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th.

FedEx Stock Up 1.6 %

NYSE FDX opened at $304.86 on Tuesday. FedEx has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $276.59 and its two-hundred day moving average is $277.98. The company has a market capitalization of $74.48 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.25 and a beta of 1.17.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same period in the prior year, the firm posted $4.55 EPS. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts forecast that FedEx will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.81%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

Hedge Funds Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Evermay Wealth Management LLC lifted its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in FedEx during the 3rd quarter worth approximately $31,000. Central Valley Advisors LLC bought a new position in FedEx in the 2nd quarter valued at approximately $39,000. Abound Wealth Management lifted its stake in FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in FedEx in the third quarter valued at approximately $47,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Company Profile

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.