FedEx Corporation (FDX) – Investment Analysts’ Recent Ratings Updates

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

  • 7/11/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 7/4/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $234.00 price target on the stock.
  • 7/3/2017 – FedEx Corporation had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $220.00 price target on the stock.
  • 6/26/2017 – FedEx Corporation was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $206.26 price target on the stock.
  • 6/23/2017 – FedEx Corporation had its price target raised by analysts at BMO Capital Markets from $220.00 to $245.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $240.00 price target on the stock, up previously from $230.00.
  • 6/21/2017 – FedEx Corporation had its price target raised by analysts at Credit Suisse Group from $225.00 to $237.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – FedEx Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 6/21/2017 – FedEx Corporation was given a new $246.00 price target on by analysts at Stephens. They now have an “overweight” rating on the stock.
  • 6/21/2017 – FedEx Corporation was given a new $235.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 6/21/2017 – FedEx Corporation had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $237.00 price target on the stock.
  • 6/21/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $235.00 price target on the stock, up previously from $215.00.
  • 6/20/2017 – FedEx Corporation was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $206.26 price target on the stock.
  • 6/15/2017 – FedEx Corporation had its price target raised by analysts at CIBC from $218.00 to $229.00. They now have an “outperform” rating on the stock.
  • 6/15/2017 – FedEx Corporation had its price target raised by analysts at Oppenheimer Holdings, Inc. from $218.00 to $229.00. They now have an “outperform” rating on the stock.
  • 6/13/2017 – FedEx Corporation was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $202.23 price target on the stock.
  • 6/12/2017 – FedEx Corporation had its price target raised by analysts at Stifel Nicolaus from $194.00 to $216.00. They now have a “hold” rating on the stock.
  • 6/7/2017 – FedEx Corporation was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $202.23 price target on the stock.
  • 6/7/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We note that shares of FedEx have performed better than the Zacks categorized  Transportation- Air Freight industry in the last one month. Shares of FedEx  have gained 6.3%, while the industry appreciated 2.1%. FedEx's bullish view for the fourth quarter of fiscal 2017 is encouraging.  We expect the company to perform impressively in the fiscal fourth quarter driven by its Ground unit. Detailed results should be out on Jun 20. We are also impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The strong growth of e-commerce should also aid the company. FedEx's expansion related efforts also raise optimism. However, headwinds like high costs raise concerns.”
  • 6/6/2017 – FedEx Corporation is now covered by analysts at Seaport Global Securities. They set a “neutral” rating on the stock.
  • 6/3/2017 – FedEx Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/2/2017 – FedEx Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $222.00 price target on the stock. According to Zacks, “We note that the shares of FedEx have performed better than the Zacks categorized  Transportation- Air Freight industry and those of rival United Parcel in the last one month.Shares of FedEx  have gained 4.4%, while those of United Parcel have appreciated 0.24%. The industry has shed 0.02%. FedEx's bullish view for the fourth quarter of fiscal 2017 is encouraging. Consequently, the Zacks Consensus Estimate for the quarter has increased $0.01 to $3.84 per share over the last sixty days.  We expect the company to perform impressively in the fiscal fourth quarter driven by its Ground unit. Detailed results should be out on Jun 20. We are also impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The strong growth of e-commerce should also aid the company. FedEx's expansion related efforts also raise optimism. However, headwinds like high costs raise concerns.”
  • 6/1/2017 – FedEx Corporation was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $190.34 price target on the stock.
  • 6/1/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We note that the shares of FedEx have performed better than the Zacks categorized  Transportation- Air Freight industry and those of rival United Parcel in the last one month.Shares of FedEx  have gained 2.5%, while those of United Parcel have shed 0.9%. The industry has gained 0.3%. FedEx's bullish view for the fourth quarter of fiscal 2017 is encouraging. Consequently, the Zacks Consensus Estimate for the quarter has increased $0.01 to $3.84 per share over the last sixty days.  We expect the company to perform impressively in the fiscal fourth quarter driven by its Ground unit. Detailed results should be out on Jun 20. We are also impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The strong growth of e-commerce should also aid the company. FedEx's expansion related efforts also raise optimism. However, headwinds like high costs raise concerns.”
  • 5/23/2017 – FedEx Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $215.00 price target on the stock. According to Zacks, “We note that the shares of FedEx have performed better than the Zacks categorized  Transportation- Air Freight industry and those of rival United Parcel in the last three months.Shares of FedEx  have contracted marginally (less than 1%), while those of United Parcel have shed 2.3%. The industry has lost 4.4%. FedEx's bullish view for the fourth quarter of fiscal 2017 is encouraging. Consequently, the Zacks Consensus Estimate for the quarter has increased $0.01 to $3.84 per share over the last sixty days. Detailed results should be out on Jun 20. We are impressed by the company's decision to reward shareholders through dividend payments and share buybacks. FedEx's expansion related efforts also raise optimism. However, headwinds like high costs raise concerns.”

FedEx Corporation (NYSE FDX) traded down 1.63% during trading on Monday, reaching $215.48. 2,838,896 shares of the company’s stock traded hands. FedEx Corporation has a 1-year low of $158.03 and a 1-year high of $219.99. The stock has a market capitalization of $58.40 billion, a P/E ratio of 19.47 and a beta of 1.28. The stock has a 50-day moving average price of $202.48 and a 200 day moving average price of $194.04.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. Equities research analysts expect that FedEx Corporation will post $13.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd were issued a dividend of $0.50 per share. This is a positive change from FedEx Corporation’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, June 20th. FedEx Corporation’s dividend payout ratio (DPR) is currently 18.08%.

In other FedEx Corporation news, CEO David L. Cunningham, Jr. sold 17,565 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the completion of the transaction, the chief executive officer now directly owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick W. Smith sold 135,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $189.02, for a total transaction of $25,517,700.00. Following the transaction, the chief executive officer now directly owns 15,326,133 shares of the company’s stock, valued at $2,896,945,659.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,549 shares of company stock valued at $41,505,553. 8.67% of the stock is owned by company insiders.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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