FedEx Corporation (NYSE:FDX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of FedEx Corporation (NYSE:FDX) have been given an average recommendation of “Moderate Buy” by the twenty-nine analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $400.6923.

A number of research analysts recently commented on the company. Argus upped their price objective on FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Wall Street Zen downgraded FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. UBS Group assumed coverage on FedEx in a research note on Wednesday. They set a “buy” rating and a $445.00 price target for the company. Stephens reissued an “overweight” rating and set a $435.00 price objective on shares of FedEx in a report on Tuesday, April 14th. Finally, Stifel Nicolaus raised their target price on FedEx from $425.00 to $442.00 in a report on Friday, April 10th.

FedEx Stock Performance

FedEx stock opened at $412.11 on Friday. The stock’s 50 day moving average price is $376.41 and its 200 day moving average price is $338.03. FedEx has a one year low of $214.82 and a one year high of $413.87. The firm has a market capitalization of $98.33 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $23.44 billion. During the same period in the prior year, the company posted $4.51 EPS. FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts expect that FedEx will post 19.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On FedEx

Institutional investors have recently made changes to their positions in the stock. Asset Dedication LLC grew its stake in FedEx by 60.7% in the first quarter. Asset Dedication LLC now owns 450 shares of the shipping service provider’s stock valued at $160,000 after acquiring an additional 170 shares during the period. Groupama Asset Managment raised its stake in FedEx by 9.2% in the first quarter. Groupama Asset Managment now owns 3,554 shares of the shipping service provider’s stock valued at $1,266,000 after buying an additional 299 shares during the period. Segall Bryant & Hamill LLC bought a new stake in FedEx in the first quarter valued at approximately $455,000. CTC Alternative Strategies Ltd. bought a new stake in FedEx in the first quarter valued at approximately $285,000. Finally, Western Wealth Management LLC grew its position in shares of FedEx by 186.1% in the first quarter. Western Wealth Management LLC now owns 4,840 shares of the shipping service provider’s stock valued at $1,724,000 after purchasing an additional 3,148 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

FedEx Company Profile

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.