FedEx Corp. Price Target Increased to $126.00 by Analysts at Robert W. Baird (FDX)
Research analysts at Robert W. Baird increased their target price on shares of FedEx Corp. (NYSE:FDX) from $116.00 to $126.00 in a report released on Thursday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 8.39% from the company’s current price.
A number of other analysts have also recently weighed in on FDX. Analysts at RBC Capital raised their price target on shares of FedEx Corp. (NYSE:FDX) from $95.00 to $105.00 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of FedEx Corp. (NYSE:FDX) from $102.00 to $122.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Argus raised their price target on shares of FedEx Corp. (NYSE:FDX) from $115.00 to $122.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $116.00.
Shares of FedEx Corp. (NYSE:FDX) traded up 0.50% on Thursday, hitting $116.83. 3,291,244 shares of the company’s stock traded hands. FedEx Corp. has a one year low of $83.92 and a one year high of $116.95. The stock’s 50-day moving average is $109.0 and its 200-day moving average is $101.. The company has a market cap of $36.987 billion and a P/E ratio of 23.68. FedEx Corp. also was the target of unusually large options trading activity on Tuesday. Stock traders acquired 7,226 put options on the stock. This represents an increase of 242% compared to the typical daily volume of 2,110 put options.
FedEx Corp. (NYSE:FDX) last announced its earnings results 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 prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that FedEx Corp. will post $6.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders 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 0.52%. The ex-dividend date is Friday, September 6th.
FedEx Corporation (NYSE:FDX) is a holding company.
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