FedEx (NYSE:FDX – Get Free Report)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research report issued on Tuesday,MarketScreener reports.
FDX has been the topic of a number of other research reports. Susquehanna upped their price target on FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a research report on Friday, March 20th. Rothschild & Co Redburn raised their price objective on FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Weiss Ratings lowered FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Stifel Nicolaus increased their target price on shares of FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Finally, Evercore raised their price target on shares of FedEx from $364.00 to $380.00 in a report on Tuesday, February 24th. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.
Check Out Our Latest Report on FDX
FedEx Trading Down 0.6%
FedEx (NYSE:FDX – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the previous year, the business earned $4.51 earnings per share. FedEx’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts expect that FedEx will post 19.72 earnings per share for the current year.
Insider Activity at FedEx
In other FedEx news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, the executive vice president directly owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last quarter. 0.53% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of FedEx during the first quarter valued at approximately $25,000. Bayban acquired a new position in FedEx during the first quarter worth $26,000. Grey Fox Wealth Advisors LLC bought a new position in shares of FedEx in the third quarter valued at $27,000. EFG International AG acquired a new position in shares of FedEx during the fourth quarter valued at about $27,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of FedEx during the third quarter valued at about $28,000. 84.47% of the stock is owned by institutional investors and hedge funds.
FedEx Company Profile
FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.
FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.
Read More
- Five stocks we like better than FedEx
- MP Materials Is Quietly Building a Rare Earth Powerhouse
- AI Demand Fuels Strong Q1 Earnings for Constellation Energy
- Sony’s $4 Billion Bet on Rock & Roll Royalties
- Ubiquiti’s Uptrend Can Continue, But Don’t Rush to Buy It
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.
