FedEx Co. (NYSE:FDX) Director Susan C. Schwab acquired 80 shares of the stock in a transaction on Tuesday, February 6th. The shares were purchased at an average price of $247.96 per share, for a total transaction of $19,836.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
FedEx Co. (NYSE:FDX) opened at $251.15 on Thursday. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. The stock has a market capitalization of $67,280.00, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30.
FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts forecast that FedEx Co. will post 13.38 EPS for the current year.
Several research analysts have weighed in on the company. Cowen reiterated an “outperform” rating and set a $240.00 price objective on shares of FedEx in a research report on Friday, October 13th. Oppenheimer restated a “buy” rating and issued a $265.00 price target (up previously from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets restated a “buy” rating and issued a $300.00 price target on shares of FedEx in a research report on Monday, January 8th. Finally, Sanford C. Bernstein set a $212.00 price target on FedEx and gave the stock a “hold” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $273.12.
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FedEx 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.
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