FedEx’s (FDX) Buy Rating Reiterated at Barclays

Barclays reaffirmed their buy rating on shares of FedEx (NYSE:FDXFree Report) in a research report released on Monday morning,MarketScreener reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a research report on Friday, March 20th. Morgan Stanley increased their price objective on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday, March 20th. Bank of America increased their price objective on shares of FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, March 20th. The Goldman Sachs Group increased their price objective on shares of FedEx from $364.00 to $369.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $398.04.

View Our Latest Research Report on FDX

FedEx Price Performance

Shares of NYSE:FDX opened at $369.50 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The firm has a fifty day moving average price of $369.26 and a 200 day moving average price of $326.86. FedEx has a fifty-two week low of $214.35 and a fifty-two week high of $404.03. The firm has a market cap of $88.17 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.43 and a beta of 1.29.

FedEx (NYSE:FDXGet Free Report) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share 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 firm had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the prior year, the business earned $4.51 earnings per share. FedEx’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts expect that FedEx will post 19.72 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio is currently 30.87%.

Insider Activity

In other news, EVP Kawal Preet sold 4,900 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the sale, the director directly owned 10,038 shares in the company, valued at approximately $3,704,022. This represents a 36.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 48,104 shares of company stock worth $17,599,006. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. Hollencrest Capital Management purchased a new position in FedEx in the 1st quarter worth about $25,000. Bayban purchased a new position in FedEx in the 1st quarter worth about $26,000. Grey Fox Wealth Advisors LLC purchased a new position in FedEx in the 3rd quarter worth about $27,000. EFG International AG purchased a new position in FedEx in the 4th quarter worth about $27,000. Finally, Wealth Watch Advisors INC purchased a new position in FedEx in the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Trending Headlines about FedEx

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FedEx Company Profile

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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.

Further Reading

Analyst Recommendations for FedEx (NYSE:FDX)

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