FedEx Co. (NYSE:FDX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of FedEx Co. (NYSE:FDX) have received an average rating of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $324.88.

Several research analysts have commented on FDX shares. Barclays boosted their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Bank of America increased their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James increased their price objective on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Bernstein Bank raised their price objective on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th.

FedEx Stock Down 0.1 %

FedEx stock opened at $275.73 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a market capitalization of $67.37 billion, a PE ratio of 17.01, a P/E/G ratio of 1.17 and a beta of 1.18. FedEx has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company’s 50-day moving average is $282.71 and its 200-day moving average is $281.85.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the business earned $3.99 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that FedEx will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio is presently 34.05%.

Institutional Trading of FedEx

A number of hedge funds have recently modified their holdings of FDX. Evermay Wealth Management LLC increased its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of FedEx during the 3rd quarter worth approximately $31,000. Abound Wealth Management lifted its holdings in shares of 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 acquiring an additional 95 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in FedEx during the 3rd quarter valued at $47,000. Finally, Sachetta LLC raised its position in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after purchasing an additional 37 shares during the period. Institutional investors own 84.47% of the company’s stock.

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.