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

FedEx (NYSE:FDX) was downgraded by equities researchers at Loop Capital from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $221.00 price target on the shipping service provider’s stock, down from their previous price target of $283.00. Loop Capital’s target price points to a potential downside of 4.02% from the stock’s current price.

A number of other research firms have also recently issued reports on FDX. Bank of America cut their price objective on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a research report on Friday, March 7th. They set a “buy” rating and a $337.00 price objective on the stock. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Piper Sandler cut shares of FedEx to a “neutral” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $301.67.

FedEx Stock Performance

Shares of FDX opened at $230.25 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $55.46 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm’s fifty day simple moving average is $259.95 and its two-hundred day simple moving average is $272.49. FedEx has a 12 month low of $217.22 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.86 EPS. As a group, analysts predict that FedEx will post 19.14 EPS for the current year.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. bLong Financial LLC bought a new position in FedEx in the 4th quarter valued at $391,000. Virtu Financial LLC bought a new stake in shares of FedEx during the 3rd quarter worth $3,405,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter worth $461,000. Wedmont Private Capital lifted its holdings in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after acquiring an additional 91 shares during the last quarter. Finally, GFS Advisors LLC bought a new stake in shares of FedEx during the 4th quarter worth $26,855,000. 84.47% of the stock is owned by institutional investors.

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.