FedEx Corp. Lowered to Hold at Stifel Nicolaus (FDX)
FedEx Corp. (NYSE:FDX) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on FDX. Analysts at Robert W. Baird raised their price target on shares of FedEx Corp. (NYSE:FDX) from $116.00 to $126.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
One analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. FedEx Corp. has a consensus rating of “Buy” and an average price target of $116.00.
FedEx Corp. (NYSE:FDX) opened at 116.83 on Monday. FedEx Corp. has a 52 week low of $83.92 and a 52 week high of $118.31. The stock has a 50-day moving average of $109.5 and a 200-day moving average of $102.1. The company has a market cap of $37.269 billion and a price-to-earnings ratio of 23.40.
FedEx Corp. (NYSE:FDX) last issued its quarterly earnings data 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 $6.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Investors 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 0.51%. The ex-dividend date of this dividend is Friday, September 6th.
In other FedEx Corp. news, EVP Robert B. Carter unloaded 8,842 shares of FedEx Corp. stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $116.26, for a total value of $1,027,970.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
FedEx Corporation (NYSE:FDX) is a holding company.
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