FedEx (NYSE:FDX) Rating Increased to Buy at Deutsche Bank

Deutsche Bank upgraded shares of FedEx (NYSE:FDX) from a hold rating to a buy rating in a research report released on Wednesday morning.

A number of other equities research analysts also recently weighed in on FDX. Oppenheimer lowered their price objective on shares of FedEx from $176.00 to $167.00 and set an outperform rating for the company in a research report on Wednesday. Stifel Nicolaus downgraded shares of FedEx from a buy rating to a hold rating and lowered their price objective for the company from $185.00 to $171.00 in a research report on Wednesday. Robert W. Baird lowered their price objective on shares of FedEx from $180.00 to $175.00 and set an outperform rating for the company in a research report on Wednesday. Raymond James lowered their price objective on shares of FedEx from $190.00 to $175.00 and set an outperform rating for the company in a research report on Wednesday. Finally, Stephens set a $210.00 price objective on shares of FedEx and gave the company a buy rating in a research report on Wednesday, June 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $175.56.

Shares of NYSE:FDX opened at $148.78 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.31 and a debt-to-equity ratio of 1.70. FedEx has a fifty-two week low of $147.82 and a fifty-two week high of $250.95. The firm has a 50-day simple moving average of $160.17 and a 200 day simple moving average of $170.42. The company has a market cap of $39.78 billion, a PE ratio of 10.08, a P/E/G ratio of 0.98 and a beta of 1.69.



FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.12). FedEx had a net margin of 0.65% and a return on equity of 21.15%. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the prior year, the company earned $3.46 EPS. FedEx’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that FedEx will post 12.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, September 6th. FedEx’s dividend payout ratio (DPR) is 16.75%.

In other FedEx news, EVP Robert B. Carter sold 23,100 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $175.78, for a total value of $4,060,518.00. Following the completion of the transaction, the executive vice president now owns 68,446 shares in the company, valued at approximately $12,031,437.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 4,440 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total transaction of $718,747.20. Following the completion of the sale, the director now directly owns 16,440 shares of the company’s stock, valued at $2,661,307.20. The disclosure for this sale can be found here. 8.44% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of FDX. Sageworth Trust Co acquired a new stake in shares of FedEx in the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of FedEx in the 1st quarter worth approximately $31,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of FedEx in the 2nd quarter worth approximately $34,000. Icon Wealth Partners LLC acquired a new stake in shares of FedEx in the 1st quarter worth approximately $38,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of FedEx in the 2nd quarter worth approximately $39,000. 71.34% of the stock is owned by institutional investors.

About FedEx

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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Analyst Recommendations for FedEx (NYSE:FDX)

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