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

Shares of FedEx Co. (NYSE:FDX) have been assigned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $314.17.

FDX has been the subject of several recent analyst reports. UBS Group lowered their price target on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a report on Friday, September 20th. Evercore ISI lowered their target price on FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Susquehanna reduced their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a report on Friday, September 20th. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDX. Vanguard Group Inc. raised its holdings in FedEx by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after acquiring an additional 1,056,061 shares during the period. Capital International Investors lifted its holdings in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after purchasing an additional 2,163,622 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in FedEx by 43.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock valued at $654,401,000 after purchasing an additional 684,679 shares during the period. Ameriprise Financial Inc. grew its holdings in FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after buying an additional 578,350 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 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 buying an additional 121,240 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FedEx stock opened at $275.45 on Friday. 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 $67.30 billion, a P/E ratio of 16.99, a PEG ratio of 1.10 and a beta of 1.17. The business has a 50-day moving average of $276.19 and a 200-day moving average of $275.22. FedEx has a 1 year low of $234.45 and a 1 year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.55 EPS. On average, equities 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 was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, September 9th. FedEx’s payout ratio is currently 34.05%.

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.