FedEx (NYSE:FDX) Price Target Increased to $290.00 by Analysts at Stephens

FedEx (NYSE:FDX – Get Rating) had its price target increased by stock analysts at Stephens from $200.00 to $290.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the shipping service provider’s stock. Stephens’ target price would suggest a potential upside of 31.63% from the stock’s current price.

A number of other analysts also recently issued reports on FDX. Barclays lifted their price target on shares of FedEx from $240.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Susquehanna lifted their price target on shares of FedEx from $170.00 to $225.00 in a report on Friday. UBS Group set a $225.00 price target on shares of FedEx in a report on Thursday, February 2nd. Wells Fargo & Company lifted their price target on shares of FedEx from $225.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Credit Suisse Group lifted their price target on shares of FedEx from $257.00 to $269.00 and gave the company an “outperform” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.75.

FedEx Stock Up 8.0 %

FDX opened at $220.31 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.30. FedEx has a fifty-two week low of $141.92 and a fifty-two week high of $248.76. The firm’s fifty day moving average is $201.14 and its 200 day moving average is $181.41. The stock has a market cap of $55.61 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31.

FedEx (NYSE:FDX – Get Rating) last released its earnings results 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 net margin of 3.54% and a return on equity of 19.17%. The company had revenue of $22.17 billion for the quarter, compared to analysts’ expectations of $22.74 billion. During the same quarter in the previous year, the company earned $4.59 EPS. FedEx’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts forecast that FedEx will post 13.53 earnings per share for the current fiscal year.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 280 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was purchased at an average price of $175.83 per share, with a total value of $49,232.40. Following the transaction, the director now owns 1,529 shares of the company’s stock, valued at $268,844.07. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On FedEx

Hedge funds have recently modified their holdings of the business. Coston McIsaac & Partners purchased a new stake in shares of FedEx in the 2nd quarter worth approximately $30,000. Lakewood Asset Management LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $26,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in FedEx during the first quarter valued at approximately $35,000. CenterStar Asset Management LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $29,000. Finally, My Personal CFO LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $31,000. Hedge funds and other 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.