FedEx (NYSE:FDX) Price Target Cut to $331.00 by Analysts at UBS Group

FedEx (NYSE:FDX) had its price objective cut by research analysts at UBS Group from $350.00 to $331.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the shipping service provider’s stock. UBS Group’s price objective suggests a potential upside of 47.22% from the company’s current price.

Several other research analysts also recently weighed in on FDX. Citigroup dropped their target price on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a research report on Tuesday. Stephens reduced their price target on FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen lowered their target price on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $303.92.

FedEx Price Performance

Shares of NYSE:FDX traded down $21.37 during trading on Friday, reaching $224.84. The company had a trading volume of 4,249,540 shares, compared to its average volume of 1,701,039. FedEx has a twelve month low of $217.49 and a twelve month high of $313.84. The firm has a market capitalization of $54.15 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm’s fifty day moving average is $260.76 and its 200 day moving average is $273.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $3.86 EPS. On average, equities analysts forecast that FedEx will post 19.14 EPS for the current year.

Insider Buying and Selling at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. 111 Capital acquired a new position in shares of FedEx during the fourth quarter valued at $508,000. Wealth Enhancement Advisory Services LLC lifted its position in FedEx by 69.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock valued at $21,515,000 after purchasing an additional 31,376 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in shares of FedEx by 2.6% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,524 shares of the shipping service provider’s stock valued at $5,493,000 after purchasing an additional 491 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of FedEx during the fourth quarter worth approximately $44,690,000. Finally, Northstar Financial Companies Inc. acquired a new position in FedEx in the fourth quarter valued at approximately $393,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.