BMO Capital Markets Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price objective boosted by research analysts at BMO Capital Markets from $300.00 to $330.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the shipping service provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 19.68% from the stock’s current price.

FDX has been the topic of a number of other reports. Citigroup raised their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Raymond James reduced their price objective on shares of FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, Barclays upped their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.88.

FedEx Stock Down 0.1 %

FedEx stock opened at $275.73 on Friday. FedEx has a twelve month low of $234.45 and a twelve month high of $313.84. The stock has a market cap of $67.37 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.17 and a beta of 1.18. The company’s 50-day moving average price is $282.71 and its two-hundred day moving average price is $282.10. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $3.99 EPS. As a group, analysts expect that FedEx will post 19.59 EPS for the current year.

Institutional Trading of FedEx

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of FedEx in the 3rd quarter valued at about $3,405,000. Czech National Bank increased its holdings in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in FedEx in the second quarter valued at approximately $9,226,000. Raymond James & Associates boosted its holdings in shares of FedEx by 6.9% during the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock worth $132,926,000 after buying an additional 31,241 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of FedEx during the 3rd quarter worth approximately $2,096,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.