FedEx (NYSE:FDX) Given “Buy” Rating at UBS Group

FedEx (NYSE:FDXGet Free Report)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a research note issued to investors on Tuesday,MarketScreener reports.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company boosted their target price on shares of FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Rothschild & Co Redburn raised their price target on shares of FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Bank of America lifted their price target on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, March 20th. TD Cowen increased their price objective on FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Morgan Stanley raised their target price on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $398.04.

Read Our Latest Stock Analysis on FedEx

FedEx Price Performance

Shares of FDX opened at $368.44 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The stock has a market cap of $87.91 billion, a PE ratio of 19.57, a PEG ratio of 1.36 and a beta of 1.29. FedEx has a 12-month low of $213.56 and a 12-month high of $404.03. The business has a 50-day simple moving average of $370.43 and a two-hundred day simple moving average of $321.08.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the previous year, the business posted $4.51 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that FedEx will post 19.72 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. This represents a 51.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares in the company, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,104 shares of company stock worth $17,599,006. Company insiders own 0.53% of the company’s stock.

Institutional Trading of FedEx

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System increased its position in FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after buying an additional 4,734 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of FedEx by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after acquiring an additional 3,514 shares during the period. Savant Capital LLC grew its stake in shares of FedEx by 32.5% during the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after acquiring an additional 9,806 shares during the period. National Pension Service increased its holdings in FedEx by 3.9% in the 3rd quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock worth $149,356,000 after acquiring an additional 23,563 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in FedEx in the 3rd quarter valued at about $171,960,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Key FedEx News

Here are the key news stories impacting FedEx this week:

About FedEx

(Get Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Analyst Recommendations for FedEx (NYSE:FDX)

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