FedEx (NYSE:FDX) Given New $300.00 Price Target at BNP Paribas Exane

FedEx (NYSE:FDX) had its price objective boosted by stock analysts at BNP Paribas Exane from $269.80 to $300.00 in a research report issued on Wednesday. The firm presently has a “neutral” rating on the shipping service provider’s stock. BNP Paribas Exane’s price objective points to a potential upside of 4.32% from the company’s previous close.

A number of other research firms have also recently commented on FDX. Evercore set a $350.00 target price on FedEx in a research report on Wednesday, September 9th. Raymond James Financial set a $330.00 price target on FedEx in a research report on Friday, August 28th. Citigroup initiated coverage on FedEx in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. UBS Group reduced their target price on FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of FedEx in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.72.

FedEx Stock Performance

FDX opened at $287.57 on Wednesday. The firm has a fifty day moving average price of $315.30 and a 200 day moving average price of $339.79. FedEx has a 1 year low of $179.69 and a 1 year high of $345.36. The stock has a market cap of $68.06 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion for the quarter. Equities research analysts anticipate that FedEx will post 17.55 earnings per share for the current year.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in FedEx in the 1st quarter valued at $25,000. Bayban purchased a new position in shares of FedEx during the 1st quarter worth $26,000. Solstein Capital LLC purchased a new position in shares of FedEx during the 2nd quarter worth $27,000. C M Bidwell & Associates Ltd. acquired a new position in shares of FedEx during the 2nd quarter valued at about $31,000. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of FedEx by 77.4% in the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

FedEx Corporation is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, and logistics services for businesses, government organizations and consumers.

The company’s services include domestic and international parcel delivery, less-than-truckload freight transportation, supply chain management, customs and trade assistance, warehousing, fulfillment and other logistics solutions.