FedEx Corporation (NYSE:FDX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of FedEx Corporation (NYSE:FDX) have earned an average recommendation of “Moderate Buy” from the thirty analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $355.1722.

Several equities analysts have commented on FDX shares. Citigroup started coverage on shares of FedEx in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Rothschild & Co Redburn reduced their price objective on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their target price on shares of FedEx from $460.00 to $400.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Wells Fargo & Company dropped their target price on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 17th. Finally, Stephens upgraded shares of FedEx to a “strong-buy” rating in a research note on Wednesday, July 8th.

FedEx Price Performance

FedEx stock opened at $311.95 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $319.16 and a 200-day simple moving average of $346.50. The stock has a market cap of $73.83 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. FedEx has a 12-month low of $179.50 and a 12-month high of $345.36.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The firm had revenue of $23.26 billion for the quarter. Equities analysts expect that FedEx will post 17.55 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at FedEx

In other news, Director Paul Walsh sold 5,042 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the sale, the director directly owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the second quarter valued at $586,000. Canada Post Corp Registered Pension Plan raised its stake in FedEx by 85.9% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock valued at $1,962,000 after purchasing an additional 3,138 shares during the last quarter. North Dakota State Investment Board purchased a new position in FedEx in the 4th quarter valued at about $2,122,000. First Nebraska Trust Co purchased a new position in FedEx in the 1st quarter valued at about $10,675,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of FedEx by 104.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock worth $6,169,000 after purchasing an additional 8,868 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.