FedEx (NYSE:FDX) Upgraded by Loop Capital to “Buy” Rating

Loop Capital upgraded shares of FedEx (NYSE:FDX) from a hold rating to a buy rating in a research report released on Friday morning, Marketbeat Ratings reports. Loop Capital currently has $365.00 price target on the shipping service provider’s stock, up from their prior price target of $288.00.

Other equities research analysts also recently issued reports about the stock. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research report on Friday, September 20th. Raymond James dropped their price target on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. Hsbc Global Res lowered FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Bernstein Bank increased their price objective on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Finally, Bank of America reduced their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Two 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $324.88.

FedEx Stock Down 0.1 %

FDX stock opened at $275.73 on Friday. FedEx has a 1-year low of $234.45 and a 1-year high of $313.84. The business’s 50 day simple moving average is $282.71 and its 200 day simple moving average is $281.85. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The firm 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 (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $3.99 earnings per share. As a group, research analysts anticipate that FedEx will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

Institutional Trading of FedEx

Large investors have recently bought and sold shares of the business. &PARTNERS boosted its stake in shares of FedEx by 29.6% in the 2nd quarter. &PARTNERS now owns 3,414 shares of the shipping service provider’s stock valued at $1,024,000 after purchasing an additional 779 shares in the last quarter. Secure Asset Management LLC boosted its position in FedEx by 10.8% in the second quarter. Secure Asset Management LLC now owns 778 shares of the shipping service provider’s stock valued at $233,000 after buying an additional 76 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in FedEx by 6.8% in the second quarter. Quotient Wealth Partners LLC now owns 945 shares of the shipping service provider’s stock valued at $283,000 after buying an additional 60 shares in the last quarter. LRI Investments LLC grew its stake in shares of FedEx by 8.6% during the second quarter. LRI Investments LLC now owns 455 shares of the shipping service provider’s stock worth $137,000 after buying an additional 36 shares during the last quarter. Finally, Fullcircle Wealth LLC acquired a new position in shares of FedEx during the second quarter worth $268,000. 84.47% of the stock is owned by institutional investors and hedge funds.

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.