FedEx (NYSE:FDX) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of FedEx (NYSE:FDXFree Report) from a strong-buy rating to a buy rating in a report released on Sunday.

Other analysts have also recently issued reports about the company. Melius Research upgraded FedEx from a hold rating to a buy rating and set a $310.00 price target on the stock in a report on Monday, January 8th. JPMorgan Chase & Co. cut their price target on shares of FedEx from $322.00 to $305.00 and set a neutral rating on the stock in a report on Wednesday, December 20th. Melius upgraded FedEx from a hold rating to a buy rating in a report on Monday, January 8th. Bank Of America (Bofa) lifted their target price on FedEx from $330.00 to $334.00 in a report on Wednesday, December 20th. Finally, Stifel Nicolaus increased their price target on FedEx from $282.00 to $305.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $289.93.

Read Our Latest Report on FDX

FedEx Trading Up 0.4 %

Shares of FedEx stock opened at $242.62 on Friday. The firm’s 50 day moving average is $253.53 and its 200 day moving average is $254.77. The firm has a market capitalization of $60.63 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. FedEx has a 1 year low of $190.83 and a 1 year high of $285.53. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75.

FedEx (NYSE:FDXGet Free Report) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.15). FedEx had a return on equity of 16.47% and a net margin of 4.87%. The company had revenue of $22.17 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the firm posted $3.18 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that FedEx will post 17.76 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 29.86%.

Insiders Place Their Bets

In other FedEx news, Director Amy B. Lane bought 200 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were purchased at an average price of $253.22 per share, for a total transaction of $50,644.00. Following the purchase, the director now directly owns 3,304 shares of the company’s stock, valued at $836,638.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was acquired at an average price of $252.02 per share, for a total transaction of $252,020.00. Following the completion of the acquisition, the executive vice president now owns 4,745 shares of the company’s stock, valued at approximately $1,195,834.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 200 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was bought at an average price of $253.22 per share, for a total transaction of $50,644.00. Following the completion of the purchase, the director now owns 3,304 shares of the company’s stock, valued at $836,638.88. The disclosure for this purchase can be found here. 8.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FedEx

Hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. lifted its position in shares of FedEx by 143.2% during the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after buying an additional 63 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in FedEx in the 4th quarter valued at about $28,000. Rakuten Securities Inc. purchased a new stake in FedEx during the fourth quarter valued at about $30,000. Tennessee Valley Asset Management Partners bought a new position in FedEx during the fourth quarter worth about $31,000. Finally, Planned Solutions Inc. purchased a new position in shares of FedEx in the fourth quarter worth about $32,000. Institutional investors own 73.61% of the company’s stock.

FedEx Company Profile

(Get Free Report)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

Further Reading

Analyst Recommendations for FedEx (NYSE:FDX)

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