FedEx (FDX) Upgraded to Buy by UBS Group

FedEx (NYSE:FDX) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts also recently issued reports on FDX. Cowen reiterated a “buy” rating and set a $240.00 price target on shares of FedEx in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $235.00 price target on shares of FedEx in a research note on Tuesday, September 12th. Citigroup reiterated a “buy” rating and set a $235.00 price target on shares of FedEx in a research note on Thursday, September 14th. Credit Suisse Group reissued an “outperform” rating and set a $233.00 target price (down previously from $242.00) on shares of FedEx in a research report on Friday, September 15th. Finally, Loop Capital reissued a “buy” rating and set a $260.00 target price (up previously from $250.00) on shares of FedEx in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $263.04.

Shares of FedEx (NYSE FDX) traded up $4.06 on Friday, hitting $264.88. The stock had a trading volume of 2,600,400 shares, compared to its average volume of 2,403,700. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The firm has a market cap of $71,000.00, a P/E ratio of 24.35, a PEG ratio of 1.58 and a beta of 1.36. FedEx has a 12 month low of $182.89 and a 12 month high of $266.22.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. equities research analysts predict that FedEx will post 12.92 earnings per share for the current fiscal year.

In related news, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the transaction, the executive vice president now directly owns 187,025 shares in the company, valued at $46,892,778.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the transaction, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The disclosure for this sale can be found here. Insiders have sold a total of 65,655 shares of company stock valued at $16,334,753 over the last 90 days. Company insiders own 8.45% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. raised its stake in shares of FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of FedEx during the third quarter valued at about $132,000. Massey Quick Simon & CO. LLC bought a new position in shares of FedEx during the third quarter valued at about $136,000. Finally, Carroll Financial Associates Inc. raised its stake in shares of FedEx by 61.1% during the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock valued at $140,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

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FedEx 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.

Analyst Recommendations for FedEx (NYSE:FDX)

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