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.
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.
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.
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