FedEx (NYSE:FDX) PT Raised to $269.00

FedEx (NYSE:FDX – Get Rating) had its price objective hoisted by research analysts at Credit Suisse Group from $257.00 to $269.00 in a report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the shipping service provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 22.10% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Bank of America increased their price objective on FedEx from $233.00 to $305.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on FedEx from $190.00 to $217.00 in a research report on Monday, November 28th. Stifel Nicolaus raised FedEx from a “hold” rating to a “buy” rating and increased their price objective for the company from $171.00 to $222.00 in a research report on Wednesday. Robert W. Baird increased their price objective on FedEx from $230.00 to $250.00 in a research report on Friday. Finally, Jefferies Financial Group increased their price objective on FedEx from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, December 22nd. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $230.75.

FedEx Trading Up 8.0 %

Shares of FDX stock opened at $220.31 on Friday. FedEx has a 12 month low of $141.92 and a 12 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 business’s 50 day moving average is $201.14 and its two-hundred day moving average is $181.41. The company 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.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The shipping service provider reported $3.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter last year, the company posted $4.59 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts predict that FedEx will post 13.53 EPS for the current year.

Insider Activity

In other FedEx news, Director Amy B. Lane bought 280 shares of the stock in a transaction dated 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 purchase, the director now owns 1,529 shares in the company, valued at approximately $268,844.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.62% of the stock is currently owned by corporate insiders.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in FedEx by 1.2% in the third quarter. Vanguard Group Inc. now owns 18,835,505 shares of the shipping service provider’s stock worth $2,796,508,000 after purchasing an additional 220,183 shares during the period. Dodge & Cox boosted its holdings in FedEx by 0.6% during the second quarter. Dodge & Cox now owns 17,426,647 shares of the shipping service provider’s stock worth $3,950,795,000 after buying an additional 98,022 shares during the last quarter. BlackRock Inc. boosted its holdings in FedEx by 2.9% during the third quarter. BlackRock Inc. now owns 16,818,843 shares of the shipping service provider’s stock worth $2,497,094,000 after buying an additional 469,345 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of FedEx by 3.3% during the 3rd quarter. Primecap Management Co. CA now owns 13,878,717 shares of the shipping service provider’s stock valued at $2,060,573,000 after purchasing an additional 445,125 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of FedEx by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,234,930 shares of the shipping service provider’s stock valued at $732,448,000 after purchasing an additional 35,946 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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.