FedEx Corp. PT Raised to $115.00 at Credit Suisse (FDX)
Research analysts at Credit Suisse lifted their price target on shares of FedEx Corp. (NYSE:FDX) from $108.00 to $115.00 in a report released on Wednesday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target would suggest a potential downside of 1.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of FedEx Corp. (NYSE:FDX) from $115.00 to $125.00 in a research note to investors on Wednesday. They now have a “not rated” rating on the stock. Separately, analysts at Barclays Capital downgraded shares of FedEx Corp. (NYSE:FDX) to an “overweight” rating in a research note to investors on Monday, August 19th. Finally, analysts at Standpoint Research downgraded shares of FedEx Corp. (NYSE:FDX) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 1st.
One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.00.
FedEx Corp. (NYSE:FDX) remained flat at $116.83 during during mid-day trading trading on Wednesday. 2,626,225 shares of the company’s stock traded hands. FedEx Corp. has a 52 week low of $83.92 and a 52 week high of $117.38. The stock’s 50-day moving average is $109.4 and its 200-day moving average is $102.0. The company has a market cap of $36.987 billion and a price-to-earnings ratio of 23.79. FedEx Corp. also was the recipient of unusually large options trading on Tuesday. Investors acquired 7,226 put options on the company. This is an increase of approximately 242% compared to the typical daily volume of 2,110 put options.
FedEx Corp. (NYSE:FDX) last released its earnings data on Wednesday, September 18th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $11.00 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that FedEx Corp. will post $6.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, September 6th.
FedEx Corporation (NYSE:FDX) is a holding company.
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