Somewhat Favorable News Coverage Somewhat Unlikely to Affect FedEx (FDX) Stock Price

News stories about FedEx (NYSE:FDX) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FedEx earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the shipping service provider an impact score of 45.1914860580818 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of FedEx (FDX) traded up $2.14 during trading hours on Friday, hitting $274.32. The company had a trading volume of 1,420,295 shares, compared to its average volume of 1,850,000. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The firm has a market cap of $73,490.00, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. FedEx has a 1 year low of $182.89 and a 1 year high of $274.66.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. The firm 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 company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $2.80 EPS. sell-side analysts expect that FedEx will post 13.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, December 8th. FedEx’s payout ratio is 18.38%.

A number of brokerages have weighed in on FDX. Zacks Investment Research upgraded FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price objective on the stock in a report on Thursday. Bank of America reiterated a “buy” rating and set a $315.00 price target on shares of FedEx in a report on Friday, January 12th. BMO Capital Markets reiterated a “buy” rating and set a $300.00 price target on shares of FedEx in a report on Monday, January 8th. Robert W. Baird reiterated a “buy” rating and set a $280.00 price target on shares of FedEx in a report on Tuesday, January 9th. Finally, UBS Group upgraded FedEx from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $264.00 to $302.00 in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. FedEx currently has a consensus rating of “Buy” and an average price target of $270.49.

In related news, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now directly owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The disclosure for this sale can be found here. Insiders have sold a total of 68,671 shares of company stock valued at $17,137,160 over the last three months. Corporate insiders own 8.45% of the company’s stock.

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About FedEx

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.

Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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