Analysts Set FedEx (FDX) Price Target at $280.31

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Shares of FedEx (NYSE:FDX) have earned a consensus recommendation of “Buy” from the twenty-six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $280.31.

A number of research firms recently weighed in on FDX. Morgan Stanley decreased their target price on shares of FedEx from $250.00 to $240.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 21st. JPMorgan Chase reissued a “buy” rating and issued a $315.00 price objective on shares of FedEx in a research report on Monday, March 19th. Oppenheimer lifted their price objective on shares of FedEx from $265.00 to $274.00 and gave the company an “outperform” rating in a research report on Friday, March 16th. Stifel Nicolaus raised shares of FedEx from a “hold” rating to a “buy” rating and lifted their price objective for the company from $284.00 to $295.00 in a research report on Wednesday, March 21st. Finally, KeyCorp lifted their price objective on shares of FedEx from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, March 21st.

In other news, Director Paul S. Walsh sold 4,400 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $255.00, for a total value of $1,122,000.00. Following the sale, the director now directly owns 14,400 shares of the company’s stock, valued at approximately $3,672,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Frederick W. Smith sold 124,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $255.99, for a total transaction of $31,742,760.00. Following the completion of the sale, the chief executive officer now directly owns 14,864,465 shares in the company, valued at $3,805,154,395.35. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.

Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of FedEx during the 4th quarter valued at $19,047,000. J. Goldman & Co LP boosted its position in FedEx by 209.6% during the fourth quarter. J. Goldman & Co LP now owns 68,492 shares of the shipping service provider’s stock valued at $17,091,000 after purchasing an additional 130,992 shares in the last quarter. Hartwell J M Limited Partnership bought a new stake in FedEx during the fourth quarter valued at about $4,396,000. Kovack Advisors Inc. bought a new stake in FedEx during the fourth quarter valued at about $343,000. Finally, Elkfork Partners LLC bought a new stake in FedEx during the fourth quarter valued at about $1,070,000. 73.87% of the stock is currently owned by institutional investors.

FedEx traded down $2.00, hitting $250.59, during mid-day trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 11,474 shares, compared to its average volume of 1,405,013. FedEx has a fifty-two week low of $190.93 and a fifty-two week high of $274.66. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $68.22 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.39.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.61. The firm had revenue of $16.53 billion for the quarter, compared to analysts’ expectations of $16.17 billion. FedEx had a net margin of 6.99% and a return on equity of 21.65%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 earnings per share. research analysts expect that FedEx will post 15.13 EPS for the current year.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

Analyst Recommendations for FedEx (NYSE:FDX)

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