FedEx Co. (NYSE:FDX) has been given an average recommendation of “Buy” by the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $285.00.
FDX has been the topic of a number of analyst reports. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Morgan Stanley set a $240.00 price target on FedEx and gave the company a “hold” rating in a report on Monday, October 22nd. Credit Suisse Group set a $307.00 price target on FedEx and gave the company a “buy” rating in a report on Tuesday, September 18th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $305.00 price target on shares of FedEx in a report on Tuesday, September 18th. Finally, Citigroup cut their price target on FedEx from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, November 2nd.
NYSE:FDX opened at $224.40 on Friday. The company has a market capitalization of $60.45 billion, a PE ratio of 14.66, a P/E/G ratio of 1.04 and a beta of 1.36. FedEx has a 1 year low of $207.90 and a 1 year high of $274.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26.
In other news, Director Susan Patricia Griffith purchased 1,000 shares of the stock in a transaction on Wednesday, October 17th. The stock was bought at an average price of $225.16 per share, with a total value of $225,160.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Edwardson sold 1,160 shares of FedEx stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total value of $281,126.00. Following the sale, the director now directly owns 32,800 shares of the company’s stock, valued at approximately $7,949,080. The disclosure for this sale can be found here. 8.45% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Palo Capital Inc. acquired a new stake in FedEx during the 3rd quarter worth about $108,000. Lenox Wealth Advisors LLC acquired a new stake in FedEx during the 3rd quarter worth about $120,000. Fortis Advisors LLC raised its stake in shares of FedEx by 278.2% during the 2nd quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock valued at $115,000 after buying an additional 370 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of FedEx during the 3rd quarter valued at about $134,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of FedEx during the 2nd quarter valued at about $129,000. 72.79% of the stock is owned by institutional investors.
FedEx Company Profile
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.
Featured Story: Diversification
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.