FedEx Corporation (NYSE:FDX) Stock Has Consensus Price Target of $354.72 According to Analysts

FedEx Corporation (NYSE:FDX) has earned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $354.72.

Several research firms recently weighed in on FDX. Evercore upped their price objective on shares of FedEx from $350.00 to $351.00 in a research report on Monday, September 28th. UBS Group decreased their target price on FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Wall Street Zen upgraded FedEx to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of FedEx from $460.00 to $400.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Finally, BNP Paribas Exane raised their target price on shares of FedEx from $269.80 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th.

Institutional Investors Weigh In On FedEx

Several institutional investors have recently modified their holdings of FDX. Hollencrest Capital Management purchased a new position in FedEx during the 1st quarter valued at approximately $25,000. Bayban purchased a new stake in FedEx during the first quarter valued at approximately $26,000. Solstein Capital LLC bought a new stake in shares of FedEx in the 2nd quarter valued at approximately $27,000. Cedar Mountain Advisors LLC lifted its stake in shares of FedEx by 77.4% in the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after purchasing an additional 41 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of FedEx in the 2nd quarter worth approximately $31,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 0.0%

Shares of NYSE FDX opened at $290.49 on Friday. The stock has a market capitalization of $68.75 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.55 and a beta of 1.28. The company has a 50-day moving average price of $313.51 and a 200-day moving average price of $338.42. FedEx has a 1 year low of $179.69 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion during the quarter. On average, equities research analysts forecast that FedEx will post 17.53 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is 26.36%.

FedEx Company Profile

FedEx Corporation is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, and logistics services for businesses, government organizations and consumers.

The company’s services include domestic and international parcel delivery, less-than-truckload freight transportation, supply chain management, customs and trade assistance, warehousing, fulfillment and other logistics solutions.