FedEx’s (FDX) “Sell” Rating Reiterated at DZ Bank

DZ Bank reissued their sell rating on shares of FedEx (NYSE:FDX) in a report published on Wednesday, Borsen Zeitung reports.

A number of other research firms have also recently commented on FDX. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on FedEx from $300.00 to $365.00 in a report on Thursday, December 3rd. Berenberg Bank set a $325.00 price target on FedEx and gave the stock a buy rating in a report on Wednesday. Raymond James boosted their price target on FedEx from $280.00 to $305.00 and gave the stock an outperform rating in a report on Friday, December 18th. Stifel Nicolaus raised FedEx from a hold rating to a buy rating and boosted their price target for the stock from $175.00 to $281.00 in a report on Thursday, September 24th. Finally, Barclays raised FedEx from an equal weight rating to an overweight rating and upped their target price for the stock from $240.00 to $360.00 in a report on Tuesday, December 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. FedEx has a consensus rating of Buy and an average target price of $312.00.

FDX opened at $259.62 on Wednesday. The business has a fifty day simple moving average of $281.36 and a 200 day simple moving average of $229.99. The company has a market capitalization of $68.82 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. FedEx has a 1 year low of $88.69 and a 1 year high of $305.66. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71.

FedEx (NYSE:FDX) last released its earnings results on Wednesday, December 16th. The shipping service provider reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.82. The firm had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $19.45 billion. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. Equities analysts anticipate that FedEx will post 17.02 earnings per share for the current fiscal year.

In other news, Director Paul S. Walsh sold 4,970 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $263.08, for a total value of $1,307,507.60. Following the completion of the sale, the director now directly owns 17,970 shares of the company’s stock, valued at $4,727,547.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald F. Colleran sold 6,845 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $260.30, for a total value of $1,781,753.50. Following the completion of the sale, the chief executive officer now directly owns 45,899 shares of the company’s stock, valued at $11,947,509.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,791 shares of company stock worth $16,637,997. Corporate insiders own 8.49% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Danda Trouve Investment Management Inc. purchased a new stake in shares of FedEx in the third quarter worth approximately $25,000. Planned Solutions Inc. purchased a new stake in shares of FedEx in the third quarter worth approximately $25,000. First Personal Financial Services raised its stake in shares of FedEx by 73.5% in the third quarter. First Personal Financial Services now owns 118 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Pacific Center for Financial Services raised its stake in shares of FedEx by 227.0% in the third quarter. Pacific Center for Financial Services now owns 121 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 84 shares during the last quarter. Finally, Anderson Fisher LLC purchased a new stake in shares of FedEx during the third quarter valued at approximately $35,000. 68.36% of the stock is owned by hedge funds and other institutional investors.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers 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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