Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of FedEx Corporation (NYSE:FDX) in a research note issued to investors on Friday. The firm currently has a $236.00 price target on the shipping service provider’s stock.

Several other research firms have also commented on FDX. Wells Fargo & Company boosted their price objective on shares of FedEx Corporation from $235.00 to $240.00 and gave the stock an outperform rating in a research note on Thursday, September 21st. Credit Suisse Group reissued an outperform rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx Corporation in a research note on Friday, September 15th. Bank of America Corporation reissued a buy rating and set a $247.00 price objective (up previously from $240.00) on shares of FedEx Corporation in a research note on Friday, October 6th. Loop Capital reissued a buy rating and set a $234.00 price objective on shares of FedEx Corporation in a research note on Tuesday, July 4th. Finally, Cowen and Company reissued a buy rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $228.56.

FedEx Corporation (NYSE FDX) traded up 0.49% during midday trading on Friday, hitting $225.07. 1,297,895 shares of the company were exchanged. FedEx Corporation has a 1-year low of $170.16 and a 1-year high of $227.00. The stock has a 50 day moving average of $219.23 and a 200 day moving average of $207.09. The firm has a market capitalization of $60.35 billion, a PE ratio of 21.22 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same period in the previous year, the firm earned $2.90 EPS. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts predict that FedEx Corporation will post $12.47 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the sale, the director now directly owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,172 shares of company stock valued at $6,039,193. 8.45% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. boosted its position in shares of FedEx Corporation by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in shares of FedEx Corporation by 163.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after purchasing an additional 300 shares during the period. Cribstone Capital Management LLC boosted its position in shares of FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares during the period. Krilogy Financial LLC boosted its position in shares of FedEx Corporation by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after purchasing an additional 2 shares during the period. Finally, FNY Managed Accounts LLC bought a new position in shares of FedEx Corporation in the first quarter worth approximately $100,000. 75.88% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for FedEx Corporation (NYSE:FDX)

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