Among 35 analysts covering FedEx (NYSE:FDX), 21 have Buy rating, 1 Sell and 13 Hold. The brokerage now has $233.00 price objective on the shipping service provider's stock, down from their prior price objective of $235.00. FedEx had 83 analyst reports since August 14, 2015 according to SRatingsIntel. On September 15 Credit Suisse kept the stock rating at "Outperform" and raised the price target from $185.00 to $242.00.
In related news, CEO Michael L. Ducker sold 14,964 shares of the business's stock in a transaction on Friday, September 29th. Robert W. Baird maintained FedEx Corporation (NYSE:FDX) on Wednesday, June 21 with "Buy" rating.
09/20/2017 - FedEx Corporation had its "neutral" rating reiterated by analysts at UBS. They now have a United States dollars 233 price target on the stock. The stock of FedEx Corporation (NYSE:FDX) earned "Buy" rating by Citigroup on Thursday, May 19. The stock presently has a consensus rating of "Buy" and a consensus price target of $225.26. First Allied Advisory Services holds 0.08% in FedEx Corporation (NYSE:FDX) or 8,031 shares. 1168849 shares were traded on FedEx Corporation's last session. Royal Bank Of Scotland Group Plc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $60.69 billion market cap company.
FedEx Corporation (FDX) closed 12.83% above its 200-day moving average and is 6.53% above another chart threshold, its 50-day moving average. The stock has a market capitalization of $60.69 billion, a PE ratio of 21.34 and a beta of 1.31.
On 6/12/2017, Stifel Nicolaus released a statement on Fedex Corporation (NYSE:FDX) bumped up the target price from $194.00 to $216.00. The dividend payment was $0.500 per share for the quarter or $2.00 annualized. Next quarter's EPS is expected be $2.83 and the next full year EPS is anticipated to be $15.15. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The firm's revenue was up 4.1% on a year-over-year basis. They expect $3.42 earnings per share, up 131.08% or $1.94 from last year's $1.48 per share. Zacks Investment Research lowered shares of FedEx Corporation from a "buy" rating to a "hold" rating in a report on Wednesday, June 7th.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be issued a dividend of $0.50 per share. The dividend yield was $0.89. Arcadia Mngmt Corporation Mi stated it has 0.01% of its portfolio in FedEx Corporation (NYSE:FDX). Following the transaction, the chief executive officer now owns 53,397 shares of the company's stock, valued at $12,059,712.45. It also increased its holding in Intel Corp (NASDAQ:INTC) by 48,180 shares in the quarter, for a total of 616,103 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM). The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Volume was down 50.33% under the stocks average daily volume. Following the transaction, the director now owns 30,608 shares of the company's stock, valued at $6,370,749.12. The disclosure for this sale can be found here. SKAGGS STEPHEN A sold $124,740 worth of stock or 500 shares. Botty Investors Limited Liability Company invested 0.03% in FedEx Corporation (NYSE:FDX).
06/06/2017 - Seaport Global Securities began new coverage on FedEx Corporation giving the company a "neutral" rating. Short shares increased 25,577 over that timeframe. Cantab Cap Prtnrs Ltd Liability Partnership invested in 3,802 shares or 0% of the stock. Bingham Osborn & Scarborough LLC bought a new stake in shares of FedEx Corporation during the second quarter worth $259,000. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider's stock worth $366,118,000 after purchasing an additional 1,223,646 shares in the last quarter.
Next Financial Group, Inc cut its holdings by shedding 109 shares a decrease of 2.4% in the quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider's stock worth $6,556,000 after acquiring an additional 1,418,066 shares in the last quarter. Cribstone Capital Management LLC raised its holdings in FedEx Corporation by 1.2% in the 2nd quarter. Pioneer Investment Management Inc. now owns 870,646 shares of the shipping service provider's stock worth $169,906,000 after purchasing an additional 819,777 shares during the period.
Other hedge funds have also modified their holdings of the company.
FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand.