Stephens Lowers FedEx (NYSE:FDX) Price Target to $300.00

FedEx (NYSE:FDX) had its target price lowered by investment analysts at Stephens from $320.00 to $300.00 in a research report issued on Friday, Marketbeat reports. The brokerage presently has an “overweight” rating on the shipping service provider’s stock. Stephens’ price objective suggests a potential upside of 30.29% from the stock’s current price.

Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. BMO Capital Markets lowered their price target on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a research report on Friday. Stifel Nicolaus lowered their price target on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday. Finally, Loop Capital lowered shares of FedEx from a “hold” rating to a “sell” rating and lowered their price target for the stock from $283.00 to $221.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $301.67.

FedEx Stock Down 6.5 %

Shares of NYSE:FDX opened at $230.25 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $259.95 and a 200 day simple moving average of $272.49. The firm has a market cap of $55.46 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx has a 12-month low of $217.22 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the firm posted $3.86 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FedEx

Hedge funds have recently modified their holdings of the business. 111 Capital bought a new position in shares of FedEx during the fourth quarter valued at $508,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FedEx by 69.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock valued at $21,515,000 after acquiring an additional 31,376 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of FedEx by 2.6% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,524 shares of the shipping service provider’s stock valued at $5,493,000 after acquiring an additional 491 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of FedEx during the fourth quarter valued at $44,690,000. Finally, Northstar Financial Companies Inc. bought a new position in shares of FedEx during the fourth quarter valued at $393,000. 84.47% of the stock is owned by institutional investors.

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.