FedEx (NYSE:FDX) Now Covered by Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx (NYSE:FDX) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $337.00 price target on the shipping service provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 34.98% from the company’s current price.

Several other research analysts have also weighed in on FDX. Wells Fargo & Company reduced their price objective on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group lifted their price target on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Raymond James cut FedEx from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Finally, Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and dropped their price target for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $318.58.

FedEx Trading Down 0.3 %

Shares of NYSE FDX opened at $249.67 on Friday. FedEx has a fifty-two week low of $242.92 and a fifty-two week high of $313.84. The firm has a market capitalization of $60.13 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company’s 50 day simple moving average is $267.08 and its 200 day simple moving average is $276.51.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the company earned $3.99 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, analysts predict that FedEx will post 19.14 EPS for the current year.

Insider Buying and Selling at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Trading of FedEx

Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of FedEx during the fourth quarter worth approximately $807,352,000. Raymond James Financial Inc. acquired a new stake in FedEx during the 4th quarter worth approximately $234,028,000. Dodge & Cox boosted its stake in FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock valued at $3,907,568,000 after purchasing an additional 734,268 shares during the period. Capital Research Global Investors acquired a new position in FedEx in the 4th quarter valued at $145,733,000. Finally, ACR Alpine Capital Research LLC increased its position in FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock worth $239,909,000 after buying an additional 329,170 shares during the period. Institutional investors and hedge funds 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.