JPMorgan Chase & Co. reiterated their buy rating on shares of FedEx (NYSE:FDX) in a research report released on Monday. JPMorgan Chase & Co. currently has a $315.00 price target on the shipping service provider’s stock.

A number of other research firms have also weighed in on FDX. Citigroup raised their price objective on FedEx to $275.00 and gave the company a buy rating in a research report on Tuesday, December 12th. Credit Suisse Group reaffirmed a positive rating and set a $283.00 price objective (up previously from $278.00) on shares of FedEx in a research report on Wednesday, December 20th. Stephens set a $306.00 price objective on FedEx and gave the company a buy rating in a research report on Wednesday, December 20th. Robert W. Baird reaffirmed a buy rating and set a $270.00 price objective on shares of FedEx in a research report on Monday, February 12th. Finally, Zacks Investment Research lowered FedEx from a hold rating to a sell rating in a research report on Monday, November 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $279.66.

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FedEx stock opened at $249.02 on Monday. FedEx has a 52-week low of $182.89 and a 52-week high of $274.66. 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 capitalization of $66,867.92, a P/E ratio of 22.95, a P/E/G ratio of 1.45 and a beta of 1.32.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.61. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The company had revenue of $16.53 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same quarter last year, the company earned $2.35 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. equities analysts forecast that FedEx will post 13.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. FedEx’s dividend payout ratio (DPR) is currently 18.43%.

In other news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at approximately $12,407,105.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares in the company, valued at $4,267,442. The disclosure for this sale can be found here. Company insiders own 8.45% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FDX. Ameriprise Financial Inc. lifted its position in FedEx by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock valued at $885,594,000 after purchasing an additional 266,660 shares in the last quarter. Jennison Associates LLC lifted its position in FedEx by 47.4% during the fourth quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock valued at $920,226,000 after purchasing an additional 1,185,447 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in FedEx by 3.3% during the third quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock valued at $814,875,000 after purchasing an additional 116,500 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in 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 valued at $597,879,000 after purchasing an additional 126,993 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 valued at $595,716,000 after purchasing an additional 73,830 shares in the last quarter. Hedge funds and other institutional investors own 74.58% 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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