FedEx Corp. (NYSE:FDX) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They presently have a $177.10 target price on the shipping service provider’s stock. Vetr‘s price target would indicate a potential upside of 8.88% from the stock’s current price.

Several other research analysts have also issued reports on the company. Barclays PLC reaffirmed a “buy” rating and set a $205.00 target price on shares of FedEx Corp. in a research report on Monday. Zacks Investment Research raised FedEx Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Cowen and Company reissued a “market perform” rating and issued a $110.00 price objective on shares of FedEx Corp. in a research report on Sunday, July 31st. Wolfe Research raised FedEx Corp. from a “market perform” rating to an “outperform” rating in a research report on Friday, July 1st. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of FedEx Corp. in a research report on Wednesday, June 22nd. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $174.51.

Analyst Recommendations for FedEx Corp. (NYSE:FDX)

FedEx Corp. (NYSE:FDX) opened at 162.65 on Wednesday. The firm has a market capitalization of $43.19 billion, a PE ratio of 24.98 and a beta of 1.35. The company’s 50-day moving average price is $164.16 and its 200 day moving average price is $161.10. FedEx Corp. has a 12 month low of $119.71 and a 12 month high of $169.57.

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FedEx Corp. (NYSE:FDX) last announced its earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.12. The business earned $14.70 billion during the quarter, compared to analyst estimates of $14.61 billion. FedEx Corp. had a return on equity of 20.62% and a net margin of 3.61%. FedEx Corp.’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 EPS. On average, equities research analysts predict that FedEx Corp. will post $11.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.60 annualized dividend and a yield of 0.98%. FedEx Corp.’s payout ratio is 24.84%.

In related news, CEO Michael L. Ducker sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $158.43, for a total value of $792,150.00. Following the transaction, the chief executive officer now owns 56,265 shares in the company, valued at $8,914,063.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan B. Graf, Jr. sold 7,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $159.43, for a total value of $1,179,782.00. Following the completion of the transaction, the executive vice president now owns 150,665 shares in the company, valued at approximately $24,020,520.95. The disclosure for this sale can be found here. 8.67% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Carnick & Kubik Group LLC purchased a new position in FedEx Corp. during the second quarter valued at approximately $1,066,000. Williams Jones & Associates LLC increased its position in FedEx Corp. by 10.0% in the second quarter. Williams Jones & Associates LLC now owns 122,828 shares of the shipping service provider’s stock valued at $18,643,000 after buying an additional 11,175 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in FedEx Corp. during the second quarter valued at approximately $1,530,000. Kentucky Retirement Systems purchased a new position in FedEx Corp. during the second quarter valued at approximately $3,222,000. Finally, Mason Street Advisors LLC purchased a new position in FedEx Corp. during the second quarter valued at approximately $5,103,000. Institutional investors and hedge funds own 73.82% of the company’s stock.

FedEx Corp. Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight.

5 Day Chart for NYSE:FDX

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