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Research analysts at Oppenheimer increased their price objective on shares of FedEx (NYSE:FDX) from $157.00 to $161.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 8.09% from the company’s current price.

FedEx (NYSE:FDX) opened at 148.95 on Thursday. FedEx has a 52 week low of $94.60 and a 52 week high of $149.37. The stock has a 50-day moving average of $140.2 and a 200-day moving average of $137.4. The company has a market cap of $44.017 billion and a P/E ratio of 26.58.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.10. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.66 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that FedEx will post $6.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, June 17th. This is a boost from FedEx’s previous quarterly dividend of $0.15.

A number of other analysts have also recently weighed in on FDX. Analysts at Cowen and Company raised their price target on shares of FedEx from $136.00 to $155.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital upgraded shares of FedEx from an “underperform” rating to a “sector perform” rating in a research note on Thursday. They now have a $155.00 price target on the stock, up previously from $125.00. Finally, 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. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. FedEx has a consensus rating of “Hold” and a consensus target price of $143.00.

FedEx Corporation (NYSE:FDX) is a holding company.

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