FedEx (FDX) PT Raised to $272.00

FedEx (NYSE:FDX) had its price objective boosted by stock analysts at Stifel Nicolaus from $221.00 to $272.00 in a report issued on Wednesday. The brokerage presently has a “hold” rating on the shipping service provider’s stock. Stifel Nicolaus’ target price points to a potential upside of 12.15% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Vetr cut shares of FedEx to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. J P Morgan Chase & Co increased their target price on shares of FedEx from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Goldman Sachs Group started coverage on shares of FedEx in a report on Monday, November 13th. They issued a “buy” rating and a $270.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $233.00 target price (down from $242.00) on shares of FedEx in a report on Friday, September 15th. Finally, Robert W. Baird restated a “buy” rating and set a $235.00 price objective on shares of FedEx in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $242.41.

FedEx (NYSE FDX) opened at $242.54 on Wednesday. FedEx has a 52 week low of $182.89 and a 52 week high of $243.75. The stock has a market cap of $64,867.61, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. FedEx had a net margin of 4.72% and a return on equity of 20.69%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same period last year, the firm earned $2.80 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts predict that FedEx will post 12.47 EPS for the current year.

In other FedEx news, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the sale, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The disclosure for this sale can be found here. Insiders have sold a total of 40,094 shares of company stock valued at $9,024,637 in the last ninety days. 8.45% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Investment Centers of America Inc. grew its holdings in FedEx by 22.0% during the 1st quarter. Investment Centers of America Inc. now owns 3,215 shares of the shipping service provider’s stock worth $629,000 after acquiring an additional 579 shares during the last quarter. AQR Capital Management LLC grew its holdings in FedEx by 7.1% during the 1st quarter. AQR Capital Management LLC now owns 326,414 shares of the shipping service provider’s stock worth $63,700,000 after acquiring an additional 21,641 shares during the last quarter. Sterneck Capital Management LLC bought a new stake in FedEx during the 1st quarter worth approximately $210,000. National Asset Management Inc. grew its holdings in FedEx by 16.0% during the 1st quarter. National Asset Management Inc. now owns 1,652 shares of the shipping service provider’s stock worth $323,000 after acquiring an additional 228 shares during the last quarter. Finally, Paloma Partners Management Co grew its holdings in FedEx by 1,102.7% during the 1st quarter. Paloma Partners Management Co now owns 39,654 shares of the shipping service provider’s stock worth $7,738,000 after acquiring an additional 36,357 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.

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About FedEx

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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