Media headlines about FedEx (NYSE:FDX) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FedEx earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the shipping service provider an impact score of 44.5091400900649 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Tiki and Tierney: Justin Thomas talks FedEx Cup Championship (msn.com)
- CHP Investigating Fatal Crash Involving Motorcyclist, FedEx Truck (fox40.com)
- 2 dead after FedEx truck rear-ends car on South Side (ksat.com)
- FedEx Express to hold job fair (bizjournals.com)
- How a FedEx employee discovered the world’s largest prime number (aol.com)
Shares of FedEx (NYSE:FDX) traded up $3.31 during midday trading on Thursday, reaching $271.19. 1,650,000 shares of the company traded hands, compared to its average volume of 1,960,000. FedEx has a twelve month low of $182.89 and a twelve month high of $271.39. The company has a market cap of $72,650.00, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a $0.50 dividend. The ex-dividend date was Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.74%. FedEx’s dividend payout ratio (DPR) is 18.38%.
FDX has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating and set a $235.00 price objective on shares of FedEx in a research report on Thursday, September 14th. UBS Group cut shares of FedEx from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $235.00 to $233.00 in a research report on Friday, September 15th. Credit Suisse Group reissued an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx in a research report on Friday, September 15th. Loop Capital reissued a “buy” rating and set a $260.00 price objective (up previously from $250.00) on shares of FedEx in a research report on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $212.00 price objective on shares of FedEx and gave the stock a “neutral” rating in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $269.04.
In other FedEx news, COO David J. Bronczek sold 46,555 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the sale, the chief operating officer now owns 48,562 shares in the company, valued at approximately $12,407,105.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kim Jabal sold 3,980 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the sale, the director now owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,671 shares of company stock valued at $17,137,160. Company insiders own 8.45% of the company’s stock.
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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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