FedEx Corporation (NYSE:FDX – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-nine brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $354.64.
Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 17th. Stephens upgraded shares of FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Raymond James Financial set a $330.00 price objective on shares of FedEx in a research note on Friday, August 28th. Wall Street Zen upgraded shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of FedEx in a report on Wednesday, June 24th.
Institutional Trading of FedEx
FedEx Stock Up 0.9%
FedEx stock opened at $291.62 on Friday. The firm has a 50 day simple moving average of $311.87 and a 200 day simple moving average of $336.60. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. FedEx has a 1-year low of $179.69 and a 1-year high of $345.36. The firm has a market capitalization of $69.02 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.54 and a beta of 1.28.
FedEx (NYSE:FDX – Get Free Report) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The firm had revenue of $23.26 billion for the quarter. On average, analysts predict that FedEx will post 17.52 earnings per share for the current year.
FedEx Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.7%. FedEx’s dividend payout ratio (DPR) is currently 26.36%.
FedEx Company Profile
FedEx Corporation is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, and logistics services for businesses, government organizations and consumers.
The company’s services include domestic and international parcel delivery, less-than-truckload freight transportation, supply chain management, customs and trade assistance, warehousing, fulfillment and other logistics solutions.
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