FedEx (NYSE:FDX) Rating Increased to Buy at Stifel Nicolaus

FedEx (NYSE:FDX – Get Rating) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $222.00 target price on the shipping service provider’s stock, up from their prior target price of $171.00. Stifel Nicolaus’ target price suggests a potential upside of 8.80% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their price target on shares of FedEx from $180.00 to $210.00 and gave the stock a “market perform” rating in a report on Monday. Morgan Stanley boosted their price objective on shares of FedEx from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Monday, January 9th. Robert W. Baird decreased their target price on shares of FedEx from $240.00 to $230.00 in a research report on Thursday, December 15th. The Goldman Sachs Group set a $218.00 price objective on FedEx in a report on Wednesday, February 15th. Finally, Bank of America upgraded FedEx from a “neutral” rating to a “buy” rating and raised their price target for the stock from $204.00 to $233.00 in a research report on Thursday, February 2nd. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

FedEx Price Performance

Shares of NYSE:FDX opened at $204.05 on Wednesday. The firm has a market capitalization of $51.50 billion, a PE ratio of 16.03, a P/E/G ratio of 1.22 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $200.45 and a two-hundred day moving average price of $181.61. FedEx has a twelve month low of $141.92 and a twelve month high of $248.76.

FedEx (NYSE:FDX – Get Rating) last released its quarterly earnings data on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.69. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The company had revenue of $22.17 billion for the quarter, compared to analyst estimates of $22.74 billion. During the same period in the previous year, the company posted $4.59 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts forecast that FedEx will post 13.5 EPS for the current year.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane bought 280 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were purchased at an average price of $175.83 per share, with a total value of $49,232.40. Following the completion of the purchase, the director now owns 1,529 shares in the company, valued at approximately $268,844.07. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of FedEx by 36.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 86,286 shares of the shipping service provider’s stock valued at $14,944,000 after purchasing an additional 23,247 shares during the last quarter. Birmingham Capital Management Co. Inc. AL raised its holdings in shares of FedEx by 5.9% in the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 16,315 shares of the shipping service provider’s stock worth $2,826,000 after buying an additional 915 shares during the last quarter. North Star Asset Management Inc. lifted its stake in shares of FedEx by 0.6% during the fourth quarter. North Star Asset Management Inc. now owns 71,473 shares of the shipping service provider’s stock worth $12,379,000 after buying an additional 442 shares during the period. Lakewood Asset Management LLC acquired a new position in shares of FedEx in the 4th quarter valued at $26,000. Finally, Macquarie Group Ltd. raised its stake in shares of FedEx by 4.1% in the fourth quarter. Macquarie Group Ltd. now owns 12,027 shares of the shipping service provider’s stock worth $2,083,000 after purchasing an additional 474 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

About FedEx

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.