FedEx Corp. (NYSE:FDX) had its price objective upped by equities research analysts at Stifel Nicolaus from $179.00 to $186.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the shipping service provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 14.36% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Wolfe Research upgraded FedEx Corp. from a “market perform” rating to an “outperform” rating in a report on Friday, July 1st. Cowen and Company restated a “market perform” rating and set a $110.00 target price on shares of FedEx Corp. in a report on Sunday, July 31st. Zacks Investment Research cut FedEx Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. Vetr cut FedEx Corp. from a “strong-buy” rating to a “buy” rating and set a $179.94 target price on the stock. in a report on Monday, August 8th. Finally, Bank of America Corp. restated a “buy” rating on shares of FedEx Corp. in a report on Thursday, June 16th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $174.97.

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

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/fedex-corp-fdx-given-new-186-00-price-target-at-stifel-nicolaus.html

FedEx Corp. (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 20th. The shipping service provider reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.12. FedEx Corp. had a return on equity of 20.62% and a net margin of 3.61%. The company earned $14.70 billion during the quarter. During the same quarter last year, the firm posted $2.42 earnings per share. FedEx Corp.’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that FedEx Corp. will post $11.97 EPS for the current year.

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

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

Institutional investors have recently modified their holdings of the company. Primecap Management Co. CA raised its position in shares of FedEx Corp. by 9.3% in the first quarter. Primecap Management Co. CA now owns 16,116,764 shares of the shipping service provider’s stock valued at $2,622,520,000 after buying an additional 1,371,175 shares during the last quarter. Dodge & Cox raised its position in shares of FedEx Corp. by 0.6% in the first quarter. Dodge & Cox now owns 12,389,882 shares of the shipping service provider’s stock valued at $2,016,082,000 after buying an additional 78,290 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FedEx Corp. by 50.9% in the first quarter. Wellington Management Group LLP now owns 8,540,880 shares of the shipping service provider’s stock valued at $1,389,772,000 after buying an additional 2,881,893 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of FedEx Corp. by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,146,806 shares of the shipping service provider’s stock valued at $477,622,000 after buying an additional 9,900 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of FedEx Corp. by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 2,989,163 shares of the shipping service provider’s stock valued at $453,713,000 after buying an additional 9,606 shares during the last quarter. 73.78% of the stock is currently owned by institutional investors.

About FedEx Corp.

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

Receive News & Ratings for FedEx Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corp. and related companies with MarketBeat.com's FREE daily email newsletter.