FedEx Corp. Target of Unusually Large Options Trading (FDX)
Shares of FedEx Corp. (NYSE:FDX) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 13,391 put options on the stock, American Banking and Market News reports. This is an increase of approximately 316% compared to the typical daily volume of 3,217 put options.
A number of research firms have recently commented on FDX. Analysts at Credit Suisse raised their price target on shares of FedEx Corp. (NYSE:FDX) from $108.00 to $111.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. FedEx Corp. currently has a consensus rating of “Buy” and an average price target of $113.79.
Shares of FedEx Corp. (NYSE:FDX) traded up 5.03% on Wednesday, hitting $116.25. 6,671,025 shares of the company’s stock traded hands. FedEx Corp. has a one year low of $83.92 and a one year high of $113.34. The stock has a 50-day moving average of $108.5 and a 200-day moving average of $101.9. The company has a market cap of $36.803 billion and a price-to-earnings ratio of 22.54.
FedEx Corp. (NYSE:FDX) last announced its earnings results on Wednesday, September 18th. The company reported $1.53 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.45 earnings per share. FedEx Corp.’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that FedEx Corp. will post $6.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, September 6th.
FedEx Corporation (NYSE:FDX) is a holding company.
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