Media stories about FedEx (NYSE:FDX) have been trending somewhat positive on Saturday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FedEx earned a news impact score of 0.02 on Alpha One’s scale. Alpha One also assigned news stories about the shipping service provider an impact score of 73 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Alpha One’s analysis:
- The Kanawha Capital Management LLC Takes Position in FedEx Co. (FDX) – BangaloreWeekly (bangaloreweekly.com)
- Military-Member Employees Sue FedEX Over Pension Contributions (planadviser.com)
- FedEx Faces Challenge of Pension Calculations Under USERRA (plansponsor.com)
- FedEx : Army Veteran Brings Military Values to FedEx (4-traders.com)
- Building a voice interface: The do's and don'ts (finance.yahoo.com)
Shares of FedEx (NYSE:FDX) opened at 189.37 on Friday. FedEx has a 1-year low of $145.00 and a 1-year high of $201.57. The firm has a market cap of $50.63 billion, a price-to-earnings ratio of 26.92 and a beta of 1.14. The company’s 50 day moving average price is $190.44 and its 200-day moving average price is $190.22.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 21st. The shipping service provider reported $2.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.62 by $0.27. FedEx had a net margin of 3.35% and a return on equity of 22.02%. The firm had revenue of $15 billion during the quarter, compared to analyst estimates of $15 billion. During the same period in the prior year, the business earned $2.51 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts expect that FedEx will post $11.93 EPS for the current fiscal year.
A number of equities analysts recently issued reports on FDX shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $210.00 price target on shares of FedEx in a report on Tuesday, January 24th. Zacks Investment Research raised FedEx from a “sell” rating to a “hold” rating in a report on Friday, March 10th. JPMorgan Chase & Co. increased their price objective on FedEx to $236.00 in a report on Wednesday, March 22nd. BMO Capital Markets raised FedEx from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a report on Monday, March 6th. They noted that the move was a valuation call. Finally, Edward Jones raised FedEx from a “hold” rating to a “buy” rating in a report on Saturday, March 11th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $206.26.
In related news, EVP Alan B. Graf, Jr. sold 25,655 shares of FedEx stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $195.00, for a total value of $5,002,725.00. Following the sale, the executive vice president now owns 151,536 shares of the company’s stock, valued at $29,549,520. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shirley A. Jackson sold 6,145 shares of FedEx stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $193.12, for a total value of $1,186,722.40. Following the completion of the sale, the director now directly owns 10,646 shares in the company, valued at approximately $2,055,955.52. The disclosure for this sale can be found here. Insiders sold a total of 195,598 shares of company stock worth $37,347,615 in the last three months. Company insiders own 8.67% of the company’s stock.
FedEx Company Profile
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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