FedEx (NYSE:FDX) Given a $155.00 Price Target at Berenberg Bank

Berenberg Bank set a $155.00 price objective on FedEx (NYSE:FDX) in a research note published on Friday morning, AnalystRatings.com reports. The firm currently has a hold rating on the shipping service provider’s stock.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus downgraded shares of FedEx from a buy rating to a hold rating and lowered their price objective for the stock from $185.00 to $171.00 in a research note on Wednesday, September 18th. Citigroup lowered their price objective on shares of FedEx from $192.00 to $180.00 and set a buy rating for the company in a research note on Wednesday, June 26th. Cowen reduced their target price on shares of FedEx from $206.00 to $190.00 and set an outperform rating for the company in a report on Wednesday, September 18th. Robert W. Baird reduced their target price on shares of FedEx from $180.00 to $175.00 and set an outperform rating for the company in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. set a $140.00 target price on shares of FedEx and gave the stock a neutral rating in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $171.64.

Shares of NYSE:FDX traded up $4.18 on Friday, hitting $145.54. 3,923,210 shares of the company were exchanged, compared to its average volume of 3,984,857. FedEx has a 1-year low of $137.78 and a 1-year high of $234.49. The stock’s 50 day moving average price is $153.52 and its 200 day moving average price is $166.89. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $37.97 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.96 and a beta of 1.72.



FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.12). FedEx had a return on equity of 21.15% and a net margin of 0.65%. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the previous year, the firm posted $3.46 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that FedEx will post 12.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.60 dividend on an annualized basis and a yield of 1.79%. FedEx’s payout ratio is 16.75%.

In other news, Director R Brad Martin acquired 1,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was bought at an average price of $145.00 per share, with a total value of $145,000.00. Following the completion of the acquisition, the director now owns 49,046 shares of the company’s stock, valued at $7,111,670. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert B. Carter sold 23,100 shares of FedEx stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $175.78, for a total transaction of $4,060,518.00. Following the completion of the transaction, the executive vice president now directly owns 68,446 shares of the company’s stock, valued at approximately $12,031,437.88. The disclosure for this sale can be found here. 8.44% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. increased its stake in shares of FedEx by 4.0% during the second quarter. Zions Bancorporation N.A. now owns 1,661 shares of the shipping service provider’s stock worth $273,000 after purchasing an additional 64 shares in the last quarter. Alpha Windward LLC increased its stake in shares of FedEx by 7.5% during the second quarter. Alpha Windward LLC now owns 977 shares of the shipping service provider’s stock worth $169,000 after purchasing an additional 68 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of FedEx by 2.6% during the second quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the shipping service provider’s stock worth $457,000 after purchasing an additional 70 shares in the last quarter. Quadrant Private Wealth Management LLC increased its stake in shares of FedEx by 2.7% during the second quarter. Quadrant Private Wealth Management LLC now owns 2,701 shares of the shipping service provider’s stock worth $443,000 after purchasing an additional 72 shares in the last quarter. Finally, Abbot Financial Management Inc. increased its stake in shares of FedEx by 0.9% during the second quarter. Abbot Financial Management Inc. now owns 8,855 shares of the shipping service provider’s stock worth $1,454,000 after purchasing an additional 75 shares in the last quarter. 71.32% 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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