A number of firms have modified their ratings and price targets on shares of FedEx Corporation (NYSE: FDX) recently:

  • 10/16/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed its industry in the last three months. The stock has been hurt following recent reports of Amazon.com testing a new business-to-consumer delivery service. The company's results in the first quarter of fiscal 2018, revealed last month, were hurt by the cyberattack in June 2017. Harvey and costs related to the integration process of TNT Express also hurt the bottom line. Additionally, significant investments at the company's Ground unit are also pushing up costs. This is also pressurizing the bottom line. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. In June 2017, the company raised its quarterly dividend by 25%”
  • 10/13/2017 – FedEx Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 10/12/2017 – FedEx Corporation had its price target raised by analysts at J P Morgan Chase & Co from $237.00 to $264.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed the industry it belongs to as well as rival United Parcel Service in the last three months. While the stock has gained 1.4%, the industry has advanced 4.7%. Shares of rival, United Parcel Service, have gained 6.3% in the period. Adding to its woes, FedEx performed disappointingly in the first quarter of fiscal 2018, reporting lower-than-expected revenues and earnings per share. Results were hurt by the cyberattack in June. Harvey and costs related to the integration process of TNT Express also dented results. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The growth in e-commerce is also a positive.Results were&”
  • 10/10/2017 – FedEx Corporation is now covered by analysts at KeyCorp. They set an “overweight” rating and a $260.00 price target on the stock.
  • 10/6/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $247.00 price target on the stock, up previously from $240.00.
  • 9/26/2017 – FedEx Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Shares of FedEx have underperformed the industry it belongs to as well as rival United Parcel Service in the last three months. While the stock has gained 2.3%, the industry has advanced 6.1%. Shares of rival, United Parcel Service, have gained 7.8% in the period. Adding to its woes, FedEx performed disappointingly in the first quarter of fiscal 2018, reporting lower-than-expected revenues and earnings per share. Results were hurt by the cyberattack in June . Harvey and costs related to the integration process of TNT Express also dented results. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks. The growth in e-commerce is also a positive.Results were&”
  • 9/21/2017 – FedEx Corporation had its price target raised by analysts at Wells Fargo & Company from $235.00 to $240.00. They now have an “outperform” rating on the stock.
  • 9/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $260.00 price target on the stock, up previously from $250.00.
  • 9/20/2017 – FedEx Corporation was given a new $212.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 9/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $229.00 price target on the stock.
  • 9/20/2017 – FedEx Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $221.00 price target on the stock, up previously from $216.00.
  • 9/20/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $240.00 price target on the stock.
  • 9/15/2017 – FedEx Corporation was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $233.00 price target on the stock, down previously from $235.00.
  • 9/15/2017 – FedEx Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $233.00 price target on the stock, down previously from $242.00.
  • 9/14/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $235.00 price target on the stock.
  • 9/12/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $240.00 price target on the stock.
  • 9/12/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $235.00 price target on the stock.
  • 9/6/2017 – FedEx Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $245.00 price target on the stock.
  • 8/31/2017 – FedEx Corporation was downgraded by analysts at Vetr to a “sell” rating. They now have a $204.84 price target on the stock.
  • 8/22/2017 – FedEx Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FedEx have underperformed the industry it belongs to as well as rival United Parcel Service in the last three months. While the stock has gained 7.9%, the industry has advanced 9.5%. United Parcel Service shares have gained 10.5% in the period. We are concerned about the its subdued fiscal 2018 view as the company intends to spend heavily on modernizing its fleet and ensuring a record-breaking 2017 holiday season. Moreover, costs related to the integration process of TNT Express are expected to hurt bottom line growth in the coming quarters. The cyber attack on Jun 28, which disrupted operations at its TNT Express division, is also concerning. We are, however, impressed by the company's decision to reward shareholders through dividend payments and share buybacks.Results were aided by strong sales across all di”

FedEx Corporation (NYSE FDX) traded down 0.56% during trading on Tuesday, reaching $220.10. The company had a trading volume of 1,030,648 shares. The firm has a market capitalization of $59.02 billion, a price-to-earnings ratio of 20.75 and a beta of 1.31. The stock has a 50 day moving average price of $217.90 and a 200 day moving average price of $206.26. FedEx Corporation has a 12 month low of $168.00 and a 12 month high of $227.00.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.90 EPS. On average, equities research analysts predict that FedEx Corporation will post $12.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. FedEx Corporation’s payout ratio is 18.87%.

In other FedEx Corporation news, EVP Donald F. Colleran sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares of the company’s stock, valued at $6,709,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael L. Ducker sold 14,964 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,172 shares of company stock valued at $6,039,193. Insiders own 8.45% of the company’s stock.

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.

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