Barclays Boosts FedEx (NYSE:FDX) Price Target to $360.00

FedEx (NYSE:FDX) had its target price lifted by analysts at Barclays from $320.00 to $360.00 in a research note issued on Tuesday, Marketbeat reports. The firm currently has an “overweight” rating on the shipping service provider’s stock. Barclays‘s target price would indicate a potential upside of 27.58% from the stock’s previous close.

A number of other research firms have also issued reports on FDX. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. BMO Capital Markets raised their price objective on shares of FedEx from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research note on Monday, December 8th. Vertical Research cut their target price on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Finally, TD Cowen lifted their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus price target of $285.67.

FedEx Trading Down 0.1%

FedEx stock opened at $282.17 on Tuesday. FedEx has a 52-week low of $194.29 and a 52-week high of $295.24. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $66.58 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.46 and a beta of 1.32. The firm has a 50-day moving average price of $260.04 and a two-hundred day moving average price of $240.42.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 earnings per share. Sell-side analysts expect that FedEx will post 19.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Brooklyn Investment Group increased its stake in FedEx by 21.1% in the 1st quarter. Brooklyn Investment Group now owns 1,913 shares of the shipping service provider’s stock valued at $466,000 after buying an additional 333 shares during the period. Aptus Capital Advisors LLC lifted its position in FedEx by 37.5% in the 1st quarter. Aptus Capital Advisors LLC now owns 12,579 shares of the shipping service provider’s stock worth $3,066,000 after buying an additional 3,430 shares in the last quarter. Korea Investment CORP boosted its stake in shares of FedEx by 31.8% during the 1st quarter. Korea Investment CORP now owns 216,706 shares of the shipping service provider’s stock valued at $52,829,000 after buying an additional 52,273 shares during the period. Finally, Colonial Trust Advisors grew its holdings in shares of FedEx by 2.9% during the 1st quarter. Colonial Trust Advisors now owns 24,797 shares of the shipping service provider’s stock valued at $6,045,000 after acquiring an additional 697 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.