FedEx Target of Unusually Large Options Trading (FDX)
Shares of FedEx (NYSE:FDX) were the recipient of some unusual options trading on Wednesday. Traders bought 3,934 put options on the stock, Analyst RN reports. This is an increase of 206% compared to the average daily volume of 1,286 put options.
Several analysts have recently commented on the stock. Analysts at Bernstein raised their price target on shares of FedEx from $136.00 to $139.00 in a research note on Tuesday, June 3rd. Separately, analysts at Barclays downgraded shares of FedEx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 8th. They now have a $140.00 price target on the stock, down previously from $160.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FedEx in a research note on Friday, April 25th. They now have a $143.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. FedEx currently has a consensus rating of “Hold” and a consensus price target of $139.09.
Shares of FedEx (NYSE:FDX) traded down 0.72% during mid-day trading on Wednesday, hitting $142.75. The stock had a trading volume of 1,015,982 shares. FedEx has a 1-year low of $94.60 and a 1-year high of $144.99. The stock has a 50-day moving average of $139.3 and a 200-day moving average of $137.2. The company has a market cap of $42.185 billion and a P/E ratio of 27.24.
FedEx (NYSE:FDX) last announced its earnings results on Wednesday, March 19th. The company reported $1.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.51 by $0.28. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the company posted $1.23 earnings per share. FedEx’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that FedEx will post $6.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, June 17th. This is a boost from FedEx’s previous quarterly dividend of $0.15.
FedEx Corporation (NYSE:FDX) is a holding company.
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