Analysts’ Recent Ratings Updates for FedEx (FDX)

FedEx (NYSE: FDX) recently received a number of ratings updates from brokerages and research firms:

  • 1/10/2019 – FedEx had its price target lowered by analysts at UBS Group AG from $234.00 to $200.00. They now have an “outperform” rating on the stock.
  • 1/7/2019 – FedEx had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a $245.00 price target on the stock.
  • 1/4/2019 – FedEx had its price target lowered by analysts at UBS Group AG from $205.00 to $171.00. They now have a “neutral” rating on the stock.
  • 12/31/2018 – FedEx had its “strong sell” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “FedEx reported lower-than-expected earnings in the second quarter of fiscal 2019. The company's major revenue generating segment, the Express unit put up a sluggish performance due to soft international revenues among other factors. In fact, the performance of this segment is expected to remain under pressure due to a slowdown in global trade. Trade disputes between United States and China as well as weakness in the European economy are hampering the company's growth. Consequently, the company had to trim earnings per share guidance for fiscal 2019. Moreover, the company will also not be able to achieve its objective of raising Express segment operating income by $1.2-$1.5 billion in fiscal 2020. Shares of the company have declined more than 35% in the last six months. However, the company is benefitting from strong e-commerce growth and its cost reduction measures to counter the macroeconomic challenges are encouraging. “
  • 12/31/2018 – FedEx was given a new $233.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 12/26/2018 – FedEx was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 12/24/2018 – FedEx had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $233.00 price target on the stock.
  • 12/21/2018 – FedEx had its price target lowered by analysts at Morgan Stanley from $230.00 to $156.00. They now have an “equal weight” rating on the stock.
  • 12/20/2018 – FedEx was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 12/20/2018 – FedEx was given a new $190.00 price target on by analysts at Daiwa Capital Markets. They now have a “buy” rating on the stock.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Oppenheimer Holdings Inc. from $288.00 to $234.00. They now have an “outperform” rating on the stock.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Robert W. Baird from $225.00 to $200.00. They now have an “outperform” rating on the stock.
  • 12/19/2018 – FedEx had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $242.00 price target on the stock, down previously from $280.00.
  • 12/19/2018 – FedEx had its price target lowered by analysts at BMO Capital Markets to $245.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Credit Suisse Group AG from $263.00 to $236.00. They now have an “outperform” rating on the stock.
  • 12/19/2018 – FedEx had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $193.00 price target on the stock, down previously from $220.00.
  • 12/19/2018 – FedEx had its price target lowered by analysts at UBS Group AG from $256.00 to $205.00. They now have a “neutral” rating on the stock.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Citigroup Inc from $275.00 to $225.00. They now have a “buy” rating on the stock.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Deutsche Bank AG from $293.00 to $212.00. They now have a “buy” rating on the stock.
  • 12/19/2018 – FedEx had its price target lowered by analysts at Loop Capital to $262.00.
  • 12/18/2018 – FedEx had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $256.00 price target on the stock.
  • 12/12/2018 – FedEx had its price target lowered by analysts at Credit Suisse Group AG from $307.00 to $263.00. They now have an “outperform” rating on the stock.
  • 12/12/2018 – FedEx was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FedEx is being aided by strong e-commerce growth as well as a bouyant U.S. economy. In a bid to meet the surge in demand during the holiday season, the company announced the enhancement of its U.S. delivery by expanding its ground operations to six days per week throughout the year. The amended tax law is another positive for the company, on account of which the company has raised its earnings per share guidance for fiscal 2019. Efforts to reward shareholders through dividends and buybacks are also encouraging. However, similar to the past few quarters, the company's earnings in second-quarter fiscal 2019 might be hurt by high costs.  Detailed results should be out on December 18. High debt levels and trade-war related fears are also hurting FedEx. In fact, shares of FedEx have shed 24% so far this year. “
  • 12/11/2018 – FedEx was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $226.00 price target on the stock. According to Zacks, “FedEx is being aided by strong e-commerce growth as well as a bouyant U.S. economy. In a bid to meet the surge in demand during the holiday season, the company announced the enhancement of its U.S. delivery by expanding its ground operations to six days per week throughout the year. The amended tax law is another positive for the company, on account of which the company has raised its earnings per share guidance for fiscal 2019. Efforts to reward shareholders through dividends and buybacks are also encouraging. However, similar to the past few quarters, the company's earnings in second-quarter fiscal 2019 might be hurt by high costs.  Detailed results should be out on December 18. High debt levels and trade-war related fears are also hurting FedEx. In fact, shares of FedEx have shed more than 22% so far this year. “
  • 12/10/2018 – FedEx was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 12/4/2018 – FedEx had its price target lowered by analysts at Morgan Stanley from $240.00 to $230.00. They now have an “equal weight” rating on the stock.
  • 12/3/2018 – FedEx was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FedEx is being aided by strong e-commerce growth as well as a bouyant U.S. economy. In a bid to meet the surge in demand during the holiday season, the company announced the enhancement of its U.S. delivery by expanding its ground operations to six days per week throughout the year. The amended tax law is another positive for the company, on account of which the company has raised its earnings per share guidance for fiscal 2019. However, similar to the past few quarters, the company's earnings in second-quarter fiscal 2019 might be hurt by high costs. Costs related to TNT Express integration and increased investments are also likely to weigh on the bottom line. Detailed results should be out on December 18. High debt levels and trade-war related fears are also hurting FedEx. In fact, shares of FedEx have shed 8.2% so far this year. “
  • 11/26/2018 – FedEx was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have shed more than 10% of their value year to date due to headwinds like high costs. We expect high costs to hurt the company's earnings in second-quarter fiscal 2019 similar to the past few quarters. Costs related to TNT Express integration and increased investments are also likely to weigh on the bottom line. Detailed results should be out on December 18. FedEx is leaving no stone unturned to meet the surge in demand during the holiday season. Despite its efforts, the company’s performance might be hurt by high delivery costs. High debt levels and trade-war related fears are also hurting FedEx. The Zacks Consensus Estimate for second-quarter earnings has been revised 0.5% downward over the last 60 days, reflecting the negative sentiment surrounding the stock. However, we are impressed with the company’s decision to reward its shareholders. Growing demand for e-commerce is an added positive.”
  • 11/20/2018 – FedEx was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have shed more than 9% of their value over the past six months due to headwinds like surging costs. In fact, we expect high costs to hurt the company's bottom line in the second quarter of fiscal 2019 similar to the last few quarters. Costs related to the integration process of TNT Express are also likely to hurt FedEx’s bottom-line performance. Detailed results should be out on Dec 18. The Zacks Consensus Estimate for fiscal second-quarter earnings has been revised 0.5% downward over the last 60 days. This, in turn, reflects the negative sentiment surrounding the stock. Trade war-related fears are concerning too. Nonetheless, FedEx has left no stone unturned to meet the surge in demand during the current holiday season. Despite its efforts, its performance might be hurt by high delivery costs. We are, however, impressed by FedEx's efforts to reward its shareholders. Growing demand for ecommerce is an added positive.”

FedEx stock opened at $170.99 on Monday. FedEx Co. has a 1-year low of $150.94 and a 1-year high of $274.66. The company has a market capitalization of $44.53 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.84 and a beta of 1.63. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.85.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.05 by ($0.02). FedEx had a return on equity of 24.11% and a net margin of 7.23%. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $17.71 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. Sell-side analysts forecast that FedEx Co. will post 15.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, December 7th. FedEx’s dividend payout ratio is presently 16.98%.

In other FedEx news, Director Susan Patricia Griffith purchased 1,000 shares of the stock in a transaction on Wednesday, October 17th. The stock was acquired at an average cost of $225.16 per share, with a total value of $225,160.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. Steiner purchased 7,000 shares of the stock in a transaction on Wednesday, January 2nd. The stock was acquired at an average cost of $162.92 per share, with a total value of $1,140,440.00. Following the completion of the purchase, the director now directly owns 25,994 shares of the company’s stock, valued at $4,234,942.48. The disclosure for this purchase can be found here. Insiders own 8.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in FedEx by 4.5% during the second quarter. FMR LLC now owns 4,582,932 shares of the shipping service provider’s stock worth $1,040,600,000 after acquiring an additional 197,188 shares in the last quarter. Van ECK Associates Corp bought a new stake in FedEx during the second quarter worth about $607,000. Point72 Asset Management L.P. bought a new stake in FedEx during the second quarter worth about $2,271,000. Centaurus Financial Inc. boosted its stake in FedEx by 284.0% during the second quarter. Centaurus Financial Inc. now owns 2,492 shares of the shipping service provider’s stock worth $566,000 after acquiring an additional 1,843 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in FedEx by 14,117.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 63,835 shares of the shipping service provider’s stock worth $114,000 after acquiring an additional 63,386 shares in the last quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.

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.

See Also: Treasury Bonds

Receive News & Ratings for FedEx Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply