Headlines about FedEx Corporation (NYSE:FDX) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FedEx Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the shipping service provider an impact score of 46.7015393538679 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Norges Bank Sold A Little More FedEx Corporation (FDX) Stock – First News 24 (firstnewspaper24.com)
- Looking Closer at Shares of FedEx Corp (FDX) – Berry Recorder (berryrecorder.com)
- FedEx Corporation (FDX) Stock Is on Breakdown Watch – Investorplace.com (investorplace.com)
- Postal Service bets on higher stamp prices to fix woes (marketbeat.com)
FedEx Corporation (NYSE FDX) traded down 0.40% during midday trading on Wednesday, reaching $206.18. 1,018,730 shares of the company were exchanged. The firm’s 50 day moving average price is $213.51 and its 200-day moving average price is $197.91. FedEx Corporation has a 52 week low of $158.20 and a 52 week high of $219.99. The stock has a market capitalization of $55.31 billion, a P/E ratio of 18.63 and a beta of 1.27.
FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. Equities analysts forecast that FedEx Corporation will post $13.58 EPS for the current fiscal year.
Several analysts recently issued reports on the stock. Cowen and Company restated a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 11th. Loop Capital restated a “buy” rating and set a $234.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 4th. Sanford C. Bernstein restated a “market perform” rating and set a $220.00 target price on shares of FedEx Corporation in a research report on Monday, July 3rd. Vetr lowered shares of FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 target price for the company. in a research report on Monday, June 26th. Finally, BMO Capital Markets boosted their target price on shares of FedEx Corporation from $220.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $221.78.
In other FedEx Corporation news, Director Kim Jabal sold 5,918 shares of FedEx Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $216.05, for a total transaction of $1,278,583.90. Following the sale, the director now owns 3,610 shares of the company’s stock, valued at approximately $779,940.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John L. Merino sold 7,200 shares of FedEx Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the sale, the vice president now directly owns 33,908 shares in the company, valued at approximately $7,163,404.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,757 shares of company stock worth $16,447,426. 8.67% of the stock is currently owned by corporate insiders.
FedEx Corporation Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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