FedEx (NYSE:FDX) Raised to Buy at Jefferies Financial Group

FedEx (NYSE:FDX) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Monday,Benzinga reports. The brokerage presently has a $275.00 price target on the shipping service provider’s stock, down from their previous price target of $300.00. Jefferies Financial Group’s target price suggests a potential upside of 19.43% from the stock’s previous close.

A number of other research firms have also issued reports on FDX. UBS Group dropped their price target on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company cut their target price on FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a research note on Friday. Raymond James lowered their price target on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Friday. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.60.

FedEx Stock Down 6.5 %

NYSE FDX opened at $230.25 on Monday. The business has a fifty day moving average price of $259.95 and a 200 day moving average price of $272.35. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market cap of $55.46 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx has a one year low of $217.22 and a one year high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same period in the prior year, the business posted $3.86 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Amy B. Lane acquired 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

Institutional Investors Weigh In On FedEx

Large investors have recently modified their holdings of the company. Fortitude Family Office LLC grew its stake in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Transce3nd LLC purchased a new stake in FedEx during the 4th quarter worth about $26,000. Peoples Financial Services CORP. purchased a new stake in FedEx during the 4th quarter worth about $28,000. City Holding Co. acquired a new position in shares of FedEx during the 4th quarter worth about $28,000. Finally, Kentucky Trust Co acquired a new stake in shares of FedEx during the 4th quarter worth about $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.