FedEx (NYSE:FDX) Rating Increased to Buy at StockNews.com

FedEx (NYSE:FDX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets increased their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday. Stephens cut their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Citigroup increased their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $325.24.

FedEx Trading Down 0.1 %

NYSE FDX traded down $0.15 during mid-day trading on Friday, reaching $275.73. 8,092,276 shares of the stock were exchanged, compared to its average volume of 1,820,057. The business’s fifty day simple moving average is $282.71 and its 200 day simple moving average is $281.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a market capitalization of $67.37 billion, a PE ratio of 17.01, a PEG ratio of 1.17 and a beta of 1.18. FedEx has a 1-year low of $234.45 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the business posted $3.99 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that FedEx will post 19.59 earnings per share for the current fiscal year.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in FedEx by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock valued at $1,281,335,000 after purchasing an additional 67,502 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after buying an additional 314,380 shares during the last quarter. Ameriprise Financial Inc. increased its position in FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock worth $654,312,000 after purchasing an additional 121,240 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after purchasing an additional 11,100 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.