FedEx (NYSE:FDX) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

FedEx (NYSE:FDX – Get Free Report) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group dropped their price target on FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Sanford C. Bernstein set a $397.00 price objective on shares of FedEx in a research note on Wednesday, June 24th. Citigroup started coverage on shares of FedEx in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut shares of FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Seaport Research Partners initiated coverage on shares of FedEx in a report on Wednesday, May 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $350.54.

Check Out Our Latest Stock Report on FDX

FedEx Trading Up 0.0%

Shares of FDX stock opened at $318.64 on Friday. The stock has a 50 day simple moving average of $319.48 and a 200 day simple moving average of $350.54. FedEx has a 1 year low of $176.00 and a 1 year high of $345.36. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The stock has a market cap of $75.39 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. On average, research analysts predict that FedEx will post 17.6 earnings per share for the current fiscal year.

Insider Transactions at FedEx

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the transaction, the director owned 16,359 shares in the company, valued at $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in FedEx during the 1st quarter worth approximately $25,000. Bayban acquired a new stake in FedEx in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC grew its stake in shares of FedEx by 77.4% during the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after buying an additional 41 shares during the last quarter. EFG International AG bought a new stake in shares of FedEx during the fourth quarter worth $27,000. Finally, Tucker Asset Management LLC acquired a new position in shares of FedEx during the fourth quarter worth $29,000. Institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

(Get Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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