FedEx (NYSE:FDX) Price Target Increased to $225.00 by Analysts at Susquehanna

FedEx (NYSE:FDX – Get Rating) had its price objective boosted by stock analysts at Susquehanna from $170.00 to $225.00 in a research report issued to clients and investors on Friday, The Fly reports. Susquehanna’s target price would indicate a potential upside of 2.13% from the company’s current price.

A number of other research analysts have also weighed in on FDX. Stifel Nicolaus raised FedEx from a “hold” rating to a “buy” rating and raised their price objective for the company from $171.00 to $222.00 in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on FedEx from $179.00 to $199.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. Citigroup lifted their target price on FedEx from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group set a $257.00 target price on FedEx in a report on Wednesday, February 22nd. Finally, StockNews.com started coverage on FedEx in a report on Thursday. They issued a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.75.

FedEx Stock Up 8.0 %

FDX stock opened at $220.31 on Friday. FedEx has a twelve month low of $141.92 and a twelve month high of $248.76. 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 firm has a market cap of $55.61 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31. The business has a 50 day moving average of $201.14 and a 200 day moving average of $181.41.

FedEx (NYSE:FDX – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.74. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The company had revenue of $22.17 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same quarter last year, the company earned $4.59 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts forecast that FedEx will post 13.53 EPS for the current fiscal year.

Insider Buying and Selling at FedEx

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

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. increased its holdings in shares of FedEx by 26.7% in the third quarter. Wedbush Securities Inc. now owns 8,998 shares of the shipping service provider’s stock worth $1,336,000 after purchasing an additional 1,898 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of FedEx by 12.4% in the third quarter. Janney Montgomery Scott LLC now owns 112,949 shares of the shipping service provider’s stock worth $16,770,000 after purchasing an additional 12,455 shares during the last quarter. Raymond James & Associates increased its stake in FedEx by 5.8% during the third quarter. Raymond James & Associates now owns 348,770 shares of the shipping service provider’s stock worth $51,784,000 after acquiring an additional 19,145 shares during the last quarter. Benjamin Edwards Inc. increased its stake in FedEx by 14.3% during the third quarter. Benjamin Edwards Inc. now owns 2,697 shares of the shipping service provider’s stock worth $400,000 after acquiring an additional 337 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in FedEx by 4.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 793,357 shares of the shipping service provider’s stock worth $117,790,000 after acquiring an additional 32,968 shares during the last quarter. 72.02% of the stock is owned by institutional investors.

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.