FedEx (NYSE:FDX) Price Target Raised to $233.00 at JPMorgan Chase & Co.

FedEx (NYSE:FDX – Get Rating) had its target price boosted by analysts at JPMorgan Chase & Co. from $199.00 to $233.00 in a research note issued to investors on Friday, The Fly reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.76% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Robert W. Baird lifted their price objective on shares of FedEx from $230.00 to $250.00 in a report on Friday. Susquehanna lifted their price objective on shares of FedEx from $170.00 to $225.00 in a report on Friday. Jefferies Financial Group lifted their price objective on shares of FedEx from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, December 22nd. Stifel Nicolaus raised shares of FedEx from a “hold” rating to a “buy” rating and lifted their price target for the stock from $171.00 to $222.00 in a report on Wednesday. Finally, BMO Capital Markets lifted 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, March 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $230.75.

FedEx Stock Performance

FedEx stock opened at $220.31 on Friday. The company has a 50 day moving average price of $201.14 and a 200-day moving average price of $181.41. 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 company has a market capitalization of $55.61 billion, a PE ratio of 17.31, a P/E/G ratio of 1.20 and a beta of 1.31.

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

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane bought 280 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was bought at an average cost of $175.83 per share, for a total transaction of $49,232.40. Following the completion of the transaction, the director now directly owns 1,529 shares of the company’s stock, valued at approximately $268,844.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. RB Capital Management LLC raised its position in shares of FedEx by 3.3% in the first quarter. RB Capital Management LLC now owns 1,951 shares of the shipping service provider’s stock worth $451,000 after acquiring an additional 63 shares during the period. AMI Investment Management Inc. raised its position in shares of FedEx by 43.9% in the first quarter. AMI Investment Management Inc. now owns 15,385 shares of the shipping service provider’s stock worth $3,560,000 after acquiring an additional 4,693 shares during the period. Moors & Cabot Inc. raised its position in shares of FedEx by 101.5% in the first quarter. Moors & Cabot Inc. now owns 4,274 shares of the shipping service provider’s stock worth $989,000 after acquiring an additional 2,153 shares during the period. Baird Financial Group Inc. raised its position in shares of FedEx by 7.8% in the first quarter. Baird Financial Group Inc. now owns 148,735 shares of the shipping service provider’s stock worth $34,408,000 after acquiring an additional 10,731 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in shares of FedEx by 553.3% during the first quarter. Loomis Sayles & Co. L P now owns 392 shares of the shipping service provider’s stock worth $91,000 after purchasing an additional 332 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

FedEx Company Profile

(Get Rating)

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.