FedEx (NYSE:FDX) Stock Rating Upgraded by StockNews.com

FedEx (NYSE:FDX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also issued reports on FDX. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Evercore ISI cut their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research report on Friday, September 20th. Raymond James lowered their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, Argus lifted their target price on FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.74.

FedEx Price Performance

Shares of FDX opened at $267.55 on Friday. The company has a market capitalization of $65.84 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.04 and a beta of 1.17. FedEx has a fifty-two week low of $224.69 and a fifty-two week high of $313.84. The business’s 50-day moving average is $288.06 and its two-hundred day moving average is $275.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the prior year, the business posted $4.55 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that FedEx will post 19.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David P. Steiner sold 1,369 shares of FedEx stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $297.71, for a total value of $407,564.99. Following the completion of the transaction, the director now directly owns 35,183 shares of the company’s stock, valued at approximately $10,474,330.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Sriram Krishnasamy sold 8,421 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the completion of the transaction, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David P. Steiner sold 1,369 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $297.71, for a total transaction of $407,564.99. Following the completion of the sale, the director now directly owns 35,183 shares in the company, valued at approximately $10,474,330.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,399 shares of company stock valued at $4,420,615. Company insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors boosted its position 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 acquiring an additional 2,163,622 shares during the period. Sentry LLC acquired a new stake in FedEx in the fourth quarter worth about $307,007,000. Vanguard Group Inc. grew its position 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 buying an additional 1,056,061 shares in the last quarter. Putnam Investments LLC increased its stake in FedEx by 38.1% during the 4th quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock valued at $732,040,000 after buying an additional 798,084 shares during the period. Finally, Mawer Investment Management Ltd. raised its position in shares of FedEx by 43.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock worth $654,401,000 after buying an additional 684,679 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

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.