FedEx Corporation (NYSE:FDX)‘s stock had its “neutral” rating reissued by Stifel Nicolaus in a research report issued on Wednesday.

FDX has been the topic of several other research reports. Zacks Investment Research downgraded FedEx Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. BMO Capital Markets increased their target price on FedEx Corporation from $220.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, June 23rd. CIBC increased their target price on FedEx Corporation from $218.00 to $229.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. J P Morgan Chase & Co restated an “overweight” rating and set a $237.00 target price on shares of FedEx Corporation in a research report on Wednesday, June 21st. Finally, Vetr upgraded FedEx Corporation from a “sell” rating to a “hold” rating and set a $206.26 target price on the stock in a research report on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. FedEx Corporation has an average rating of “Buy” and a consensus target price of $221.78.

FedEx Corporation (NYSE FDX) traded up 0.27% during mid-day trading on Wednesday, reaching $209.63. The company had a trading volume of 704,280 shares. The company’s 50-day moving average is $212.43 and its 200-day moving average is $198.92. The stock has a market capitalization of $56.23 billion, a PE ratio of 18.94 and a beta of 1.27. FedEx Corporation has a one year low of $158.20 and a one year high of $219.99.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, beating the consensus estimate of $3.88 by $0.37. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. FedEx Corporation’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts anticipate that FedEx Corporation will post $13.58 earnings per share for the current year.

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In other news, CEO David L. Cunningham, Jr. sold 17,565 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the transaction, the chief executive officer now directly owns 29,148 shares of the company’s stock, valued at $6,150,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert B. Carter sold 24,522 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $210.96, for a total transaction of $5,173,161.12. Following the sale, the executive vice president now owns 68,556 shares of the company’s stock, valued at $14,462,573.76. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock worth $16,447,426 over the last ninety days. Insiders own 8.67% of the company’s stock.

Several hedge funds have recently bought and sold shares of FDX. Northwestern Mutual Wealth Management Co. raised its stake in FedEx Corporation by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 69,903 shares of the shipping service provider’s stock worth $13,641,000 after buying an additional 1,852 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in FedEx Corporation by 354.3% in the first quarter. Quantitative Systematic Strategies LLC now owns 13,026 shares of the shipping service provider’s stock worth $2,542,000 after buying an additional 10,159 shares in the last quarter. Madison Investment Holdings Inc. raised its stake in FedEx Corporation by 63.6% in the first quarter. Madison Investment Holdings Inc. now owns 181,250 shares of the shipping service provider’s stock worth $35,371,000 after buying an additional 70,436 shares in the last quarter. ING Groep NV raised its stake in FedEx Corporation by 245.5% in the first quarter. ING Groep NV now owns 17,525 shares of the shipping service provider’s stock worth $3,420,000 after buying an additional 12,453 shares in the last quarter. Finally, Webster Bank N. A. raised its stake in FedEx Corporation by 20.3% in the first quarter. Webster Bank N. A. now owns 2,154 shares of the shipping service provider’s stock worth $420,000 after buying an additional 364 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

About FedEx Corporation

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Analyst Recommendations for FedEx Corporation (NYSE:FDX)

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