Robert W. Baird Trims FedEx (NYSE:FDX) Target Price to $175.00

FedEx (NYSE:FDX) had its price target decreased by Robert W. Baird from $180.00 to $175.00 in a report released on Wednesday morning, AnalystRatings.com reports. Robert W. Baird currently has an outperform rating on the shipping service provider’s stock.

A number of other equities analysts also recently commented on the company. Credit Suisse Group cut their price objective on FedEx from $175.00 to $168.00 and set an outperform rating on the stock in a report on Wednesday. Oppenheimer lowered their target price on FedEx from $192.00 to $176.00 and set an outperform rating for the company in a research note on Thursday, June 27th. Barclays reiterated a buy rating and issued a $185.00 target price on shares of FedEx in a research note on Thursday, June 13th. Morgan Stanley lowered their target price on FedEx from $131.00 to $120.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Cowen lowered their target price on FedEx from $206.00 to $190.00 and set an outperform rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. FedEx currently has an average rating of Hold and a consensus price target of $175.56.

FedEx stock opened at $148.78 on Wednesday. The stock’s 50-day moving average is $160.17 and its 200-day moving average is $170.42. The company has a market cap of $39.37 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.81 and a beta of 1.69. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.31 and a quick ratio of 1.39. FedEx has a 12 month low of $147.82 and a 12 month high of $250.95.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.12). The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $17.05 billion. FedEx had a return on equity of 21.15% and a net margin of 0.65%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $3.46 earnings per share. Research analysts anticipate that FedEx will post 12.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.60 dividend on an annualized basis and a yield of 1.75%. FedEx’s dividend payout ratio (DPR) is presently 16.75%.

In other FedEx news, EVP Robert B. Carter sold 23,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $175.78, for a total transaction of $4,060,518.00. Following the completion of the sale, the executive vice president now owns 68,446 shares in the company, valued at approximately $12,031,437.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 4,440 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $161.88, for a total value of $718,747.20. Following the sale, the director now owns 16,440 shares of the company’s stock, valued at approximately $2,661,307.20. The disclosure for this sale can be found here. 8.44% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Associated Banc Corp lifted its holdings in FedEx by 3.7% during the 1st quarter. Associated Banc Corp now owns 1,644 shares of the shipping service provider’s stock worth $298,000 after buying an additional 59 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of FedEx by 4.0% in the 2nd 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 during the last quarter. Alpha Windward LLC lifted its holdings in shares of FedEx by 7.5% in the 2nd quarter. Alpha Windward LLC now owns 977 shares of the shipping service provider’s stock worth $169,000 after purchasing an additional 68 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of FedEx by 2.6% in the 2nd 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 during the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its holdings in shares of FedEx by 2.7% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.

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Analyst Recommendations for FedEx (NYSE:FDX)

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