FedEx (FDX) PT Set at $148.00 by Morgan Stanley

FedEx (NYSE:FDX) has been given a $148.00 target price by stock analysts at Morgan Stanley in a report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the shipping service provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 12.90% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Daiwa Capital Markets lowered FedEx from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $187.00 to $179.00 in a research note on Thursday, March 21st. They noted that the move was a valuation call. Susquehanna Bancshares reissued a “neutral” rating and set a $174.00 price objective on shares of FedEx in a research note on Thursday, March 28th. Credit Suisse Group lifted their price objective on FedEx from $236.00 to $241.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. BMO Capital Markets dropped their price objective on FedEx to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lowered FedEx from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $227.00 to $202.00 in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $212.33.

Shares of FedEx stock traded down $5.85 during trading hours on Friday, reaching $169.92. The company had a trading volume of 2,235,100 shares, compared to its average volume of 2,009,843. FedEx has a one year low of $150.94 and a one year high of $266.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.40. The firm has a market capitalization of $44.28 billion, a P/E ratio of 11.10, a PEG ratio of 0.88 and a beta of 1.62.



FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.10 by ($0.07). The business had revenue of $17.01 billion for the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a net margin of 5.25% and a return on equity of 22.67%. FedEx’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 EPS. Sell-side analysts expect that FedEx will post 15.44 earnings per share for the current fiscal year.

In other FedEx news, EVP Alan B. Graf, Jr. sold 27,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $173.30, for a total transaction of $4,679,100.00. Following the sale, the executive vice president now owns 200,320 shares in the company, valued at $34,715,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $175.11, for a total value of $525,330.00. The disclosure for this sale can be found here. Insiders have sold 185,650 shares of company stock worth $34,751,470 in the last 90 days. Company insiders own 8.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDX. First Dallas Securities Inc. increased its holdings in shares of FedEx by 7.4% in the first quarter. First Dallas Securities Inc. now owns 6,133 shares of the shipping service provider’s stock worth $1,113,000 after buying an additional 425 shares during the period. Horizon Investments LLC purchased a new position in shares of FedEx in the first quarter worth about $210,000. Thomasville National Bank increased its holdings in shares of FedEx by 9.4% in the first quarter. Thomasville National Bank now owns 16,348 shares of the shipping service provider’s stock worth $2,966,000 after buying an additional 1,406 shares during the period. FMR LLC increased its holdings in shares of FedEx by 16.4% in the first quarter. FMR LLC now owns 1,993,135 shares of the shipping service provider’s stock worth $361,574,000 after buying an additional 281,483 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in shares of FedEx by 14.2% in the first quarter. BTC Capital Management Inc. now owns 21,180 shares of the shipping service provider’s stock worth $3,846,000 after buying an additional 2,635 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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