FedEx Co. (NYSE:FDX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of FedEx Co. (NYSE:FDX) have earned a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $314.67.

FDX has been the subject of several recent research reports. TD Cowen initiated coverage on FedEx in a research note on Thursday, August 22nd. They issued a “buy” rating and a $334.00 price target for the company. Argus increased their price target on FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Stifel Nicolaus reiterated a “buy” rating and set a $327.00 price target (up previously from $303.00) on shares of FedEx in a report on Wednesday, June 26th. Wells Fargo & Company increased their price target on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. Finally, Evercore ISI lowered their price target on FedEx from $339.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th.

Insider Buying and Selling at FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the sale, the chief accounting officer now directly owns 930 shares in the company, valued at $278,293.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the sale, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is currently owned by company insiders.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new position in FedEx during the fourth quarter worth about $25,000. Fortis Group Advisors LLC boosted its holdings in FedEx by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Private Wealth Management Group LLC bought a new position in FedEx during the fourth quarter worth about $28,000. Sachetta LLC bought a new position in FedEx during the fourth quarter worth about $32,000. Finally, Central Valley Advisors LLC bought a new position in FedEx during the second quarter worth about $39,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 2.2 %

Shares of NYSE FDX opened at $292.63 on Thursday. The stock has a market cap of $72.01 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.03 and a beta of 1.17. The business has a 50 day simple moving average of $293.11 and a 200 day simple moving average of $274.10. FedEx has a 52 week low of $224.69 and a 52 week high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.94 EPS. On average, research analysts predict that FedEx will post 20.82 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.89%. FedEx’s payout ratio is presently 32.04%.

FedEx Company Profile

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.