FedEx (NYSE:FDX) Stock Rating Upgraded by Loop Capital

FedEx (NYSE:FDX) was upgraded by equities research analysts at Loop Capital from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $365.00 price objective on the shipping service provider’s stock, up from their previous price objective of $288.00. Loop Capital’s price target would suggest a potential upside of 32.38% from the company’s current price.

FDX has been the subject of a number of other research reports. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research note on Friday, September 20th. Raymond James lowered their price target on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their price objective on shares of FedEx from $350.00 to $366.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Bernstein Bank lifted their target price on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, Susquehanna dropped their target price on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $324.88.

FedEx Stock Performance

Shares of FDX stock opened at $275.73 on Friday. The company’s fifty day moving average price is $282.71 and its 200-day moving average price is $282.10. The stock has a market cap of $67.37 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. FedEx has a 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping 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 firm posted $3.99 earnings per share. FedEx’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts expect that FedEx will post 19.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About FedEx

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.