Credit Suisse Group Analysts Give FedEx (NYSE:FDX) a $213.00 Price Target

Credit Suisse Group set a $213.00 price objective on FedEx (NYSE:FDXGet Rating) in a research note published on Thursday, MarketBeat reports.

Several other brokerages also recently commented on FDX. UBS Group set a $215.00 price target on shares of FedEx in a report on Wednesday, October 5th. Berenberg Bank set a $190.00 price target on shares of FedEx in a report on Monday, September 26th. BMO Capital Markets dropped their price objective on shares of FedEx from $215.00 to $190.00 and set a market perform rating for the company in a report on Friday, September 23rd. Bank Of America (Bofa) downgraded shares of FedEx from a buy rating to a neutral rating and dropped their price objective for the stock from $275.00 to $186.00 in a report on Friday, September 16th. Finally, Citigroup dropped their price objective on shares of FedEx from $180.00 to $165.00 in a report on Friday, September 23rd. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $207.16.

FedEx Stock Up 1.9 %

FedEx stock opened at $174.72 on Thursday. FedEx has a 1-year low of $141.92 and a 1-year high of $266.79. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.02 and a beta of 1.31. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $161.62 and a 200 day simple moving average of $200.46.

FedEx (NYSE:FDXGet Rating) last released its quarterly earnings data on Thursday, September 22nd. The shipping service provider reported $3.44 earnings per share for the quarter, missing analysts’ consensus estimates of $5.14 by ($1.70). FedEx had a net margin of 3.79% and a return on equity of 20.95%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.78 billion. During the same quarter in the prior year, the firm posted $4.37 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that FedEx will post 14.34 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, December 9th. FedEx’s dividend payout ratio is currently 33.97%.

Insider Activity at FedEx

In related news, Director R Brad Martin purchased 1,500 shares of FedEx stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average price of $143.41 per share, for a total transaction of $215,115.00. Following the completion of the transaction, the director now directly owns 750 shares of the company’s stock, valued at $107,557.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FedEx

Several hedge funds have recently bought and sold shares of FDX. Skandinaviska Enskilda Banken AB publ lifted its position in FedEx by 53.2% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 66,692 shares of the shipping service provider’s stock valued at $15,432,000 after purchasing an additional 23,157 shares during the period. NN Investment Partners Holdings N.V. lifted its position in FedEx by 15.2% during the first quarter. NN Investment Partners Holdings N.V. now owns 54,607 shares of the shipping service provider’s stock valued at $12,635,000 after purchasing an additional 7,192 shares during the period. Ritholtz Wealth Management lifted its position in FedEx by 33.6% during the second quarter. Ritholtz Wealth Management now owns 1,273 shares of the shipping service provider’s stock valued at $289,000 after purchasing an additional 320 shares during the period. Cambridge Trust Co. lifted its position in FedEx by 13.0% during the first quarter. Cambridge Trust Co. now owns 885 shares of the shipping service provider’s stock valued at $205,000 after purchasing an additional 102 shares during the period. Finally, Gradient Investments LLC lifted its position in FedEx by 5,110.4% during the second quarter. Gradient Investments LLC now owns 62,264 shares of the shipping service provider’s stock valued at $14,116,000 after purchasing an additional 61,069 shares during the period. Institutional investors own 71.62% of the company’s stock.

FedEx Company Profile

(Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

Further Reading

Analyst Recommendations for FedEx (NYSE:FDX)

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