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

  • 10/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $236.00 price target on the stock.
  • 10/16/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed its industry in the last three months. The stock has been hurt following recent reports of Amazon.com testing a new business-to-consumer delivery service. The company's results in the first quarter of fiscal 2018, revealed last month, were hurt by the cyberattack in June 2017. Harvey and costs related to the integration process of TNT Express also hurt the bottom line. Additionally, significant investments at the company's Ground unit are also pushing up costs. This is also pressurizing the bottom line. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. In June 2017, the company raised its quarterly dividend by 25%”
  • 10/13/2017 – FedEx Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 10/12/2017 – FedEx Corporation had its price target raised by analysts at J P Morgan Chase & Co from $237.00 to $264.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed the industry it belongs to as well as rival United Parcel Service in the last three months. While the stock has gained 1.4%, the industry has advanced 4.7%. Shares of rival, United Parcel Service, have gained 6.3% in the period. Adding to its woes, FedEx performed disappointingly in the first quarter of fiscal 2018, reporting lower-than-expected revenues and earnings per share. Results were hurt by the cyberattack in June. Harvey and costs related to the integration process of TNT Express also dented results. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The growth in e-commerce is also a positive.Results were&”
  • 10/10/2017 – FedEx Corporation is now covered by analysts at KeyCorp. They set an “overweight” rating and a $260.00 price target on the stock.
  • 10/6/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $247.00 price target on the stock, up previously from $240.00.
  • 9/26/2017 – FedEx Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Shares of FedEx have underperformed the industry it belongs to as well as rival United Parcel Service in the last three months. While the stock has gained 2.3%, the industry has advanced 6.1%. Shares of rival, United Parcel Service, have gained 7.8% in the period. Adding to its woes, FedEx performed disappointingly in the first quarter of fiscal 2018, reporting lower-than-expected revenues and earnings per share. Results were hurt by the cyberattack in June . Harvey and costs related to the integration process of TNT Express also dented results. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The growth in e-commerce is also a positive.Results were&”
  • 9/21/2017 – FedEx Corporation had its price target raised by analysts at Wells Fargo & Company from $235.00 to $240.00. They now have an “outperform” rating on the stock.
  • 9/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $260.00 price target on the stock, up previously from $250.00.
  • 9/20/2017 – FedEx Corporation was given a new $212.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 9/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $229.00 price target on the stock.
  • 9/20/2017 – FedEx Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $221.00 price target on the stock, up previously from $216.00.
  • 9/20/2017 – 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.
  • 9/15/2017 – FedEx Corporation was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $233.00 price target on the stock, down previously from $235.00.
  • 9/15/2017 – FedEx Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $233.00 price target on the stock, down previously from $242.00.
  • 9/14/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $235.00 price target on the stock.
  • 9/12/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 9/12/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $235.00 price target on the stock.
  • 9/6/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $245.00 price target on the stock.

Shares of FedEx Corporation (NYSE FDX) opened at 225.81 on Wednesday. The stock has a market capitalization of $60.55 billion, a P/E ratio of 21.29 and a beta of 1.31. The firm has a 50-day moving average price of $221.84 and a 200-day moving average price of $208.92. FedEx Corporation has a 52-week low of $171.60 and a 52-week high of $231.35.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.90 EPS. On average, analysts predict that FedEx Corporation will post $12.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.87%.

In other FedEx Corporation news, EVP Donald F. Colleran sold 10,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the executive vice president now owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Henry J. Maier sold 11,150 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now directly owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,114 shares of company stock valued at $8,126,948 in the last three months. Insiders own 8.45% of the company’s stock.

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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