Investors Buy FedEx (FDX) on Weakness

Traders bought shares of FedEx (NYSE:FDX) on weakness during trading hours on Wednesday. $128.71 million flowed into the stock on the tick-up and $107.81 million flowed out of the stock on the tick-down, for a money net flow of $20.90 million into the stock. Of all companies tracked, FedEx had the 21st highest net in-flow for the day. FedEx traded down ($2.28) for the day and closed at $238.76

A number of research firms have recently weighed in on FDX. Stephens set a $306.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Citigroup reiterated a “buy” rating and issued a $280.00 price target on shares of FedEx in a research report on Wednesday, December 20th. Robert W. Baird reiterated a “buy” rating and issued a $280.00 price target on shares of FedEx in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Argus lifted their price target on shares of FedEx from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. FedEx presently has a consensus rating of “Buy” and an average target price of $281.51.

How to Become a New Pot Stock Millionaire

The company has a market cap of $63,961.32, a PE ratio of 17.48, a P/E/G ratio of 1.24 and a beta of 1.38. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.85.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.61. The business had revenue of $16.53 billion for the quarter, compared to analysts’ expectations of $16.17 billion. FedEx had a net margin of 6.99% and a return on equity of 21.65%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.35 earnings per share. equities analysts anticipate that FedEx will post 15.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. FedEx’s payout ratio is presently 16.26%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of FedEx by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after buying an additional 266,660 shares during the last quarter. Jennison Associates LLC grew its stake in shares of FedEx by 47.4% during the fourth quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after buying an additional 1,185,447 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of FedEx by 5.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,395,924 shares of the shipping service provider’s stock worth $597,879,000 after buying an additional 126,993 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of FedEx by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,392,806 shares of the shipping service provider’s stock worth $595,716,000 after buying an additional 73,830 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of FedEx by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,427,819 shares of the shipping service provider’s stock worth $356,298,000 after buying an additional 93,956 shares during the last quarter. 74.68% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Investors Buy FedEx (FDX) on Weakness” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3335045/investors-buy-fedex-fdx-on-weakness.html.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

FUNCoin  Price Tops $0.0177 on Exchanges
FUNCoin Price Tops $0.0177 on Exchanges
Comparing Haynes International  & Gerdau
Comparing Haynes International & Gerdau
Civeo  to Release Quarterly Earnings on Friday
Civeo to Release Quarterly Earnings on Friday
Beneficial Bancorp  Releases  Earnings Results, Hits Estimates
Beneficial Bancorp Releases Earnings Results, Hits Estimates
Contrasting Post  & General Mills
Contrasting Post & General Mills
Critical Analysis: Biocept  and Its Competitors
Critical Analysis: Biocept and Its Competitors


© 2006-2018 Ticker Report. Google+.