FedEx Corporation (NYSE:FDX)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a research report issued on Thursday. They presently have a $235.00 price target on the shipping service provider’s stock. Citigroup Inc.’s target price would indicate a potential upside of 9.30% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Tuesday, May 23rd. Vetr raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 price objective on the stock in a research note on Wednesday, May 17th. ValuEngine raised FedEx Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. UBS AG reissued a “buy” rating and set a $235.00 price objective (up previously from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Finally, Deutsche Bank AG set a $235.00 price objective on FedEx Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. FedEx Corporation currently has an average rating of “Buy” and a consensus target price of $223.72.

Shares of FedEx Corporation (NYSE:FDX) traded down 0.13% during mid-day trading on Thursday, reaching $214.73. The company had a trading volume of 646,921 shares. The company has a market capitalization of $57.60 billion, a PE ratio of 19.40 and a beta of 1.28. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99. The stock’s 50-day moving average price is $209.49 and its 200 day moving average price is $201.62.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that FedEx Corporation will post $13.51 EPS for the current year.

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In other FedEx Corporation news, Director Kim Jabal sold 5,918 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $216.05, for a total transaction of $1,278,583.90. Following the sale, the director now owns 3,610 shares in the company, valued at approximately $779,940.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total value of $3,706,215.00. Following the sale, the chief executive officer now owns 29,148 shares in the company, valued at approximately $6,150,228. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,757 shares of company stock worth $16,447,426. 8.45% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDX. Miller Howard Investments Inc. NY increased its holdings in shares of FedEx Corporation by 8.5% in the 1st quarter. Miller Howard Investments Inc. NY now owns 17,673 shares of the shipping service provider’s stock valued at $3,449,000 after acquiring an additional 1,387 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of FedEx Corporation by 0.4% in the 1st quarter. Leavell Investment Management Inc. now owns 7,816 shares of the shipping service provider’s stock valued at $1,525,000 after acquiring an additional 31 shares during the last quarter. Dillon & Associates Inc. increased its holdings in shares of FedEx Corporation by 1.3% in the 1st quarter. Dillon & Associates Inc. now owns 7,142 shares of the shipping service provider’s stock valued at $1,393,000 after acquiring an additional 90 shares during the last quarter. Deltec Asset Management LLC purchased a new position in shares of FedEx Corporation in the 1st quarter valued at about $205,000. Finally, KAMES CAPITAL plc purchased a new position in shares of FedEx Corporation in the 1st quarter valued at about $1,670,000. Institutional investors and hedge funds own 75.86% of the company’s stock.

FedEx Corporation Company Profile

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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