FedEx (NYSE:FDX) Trading 0.4% Higher – Still a Buy?

Shares of FedEx Co. (NYSE:FDX) were up 0.4% on Thursday . The company traded as high as $273.97 and last traded at $272.77. Approximately 246,034 shares were traded during trading, a decline of 87% from the average daily volume of 1,846,106 shares. The stock had previously closed at $271.80.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FDX shares. Argus lifted their price target on shares of FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Robert W. Baird reduced their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group reduced their target price on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Stock Performance

The stock’s fifty day moving average is $280.25 and its two-hundred day moving average is $275.05. The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.55 EPS. On average, analysts expect that FedEx Co. will post 19.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were given a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s dividend payout ratio is presently 32.04%.

Hedge Funds Weigh In On FedEx

Large investors have recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of FedEx during the 1st quarter valued at about $1,667,000. Allegheny Financial Group LTD bought a new position in shares of FedEx during the 1st quarter valued at about $203,000. Hilltop National Bank bought a new position in shares of FedEx during the 1st quarter valued at about $476,000. Csenge Advisory Group lifted its stake in FedEx by 14.9% during the first quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock valued at $666,000 after buying an additional 298 shares in the last quarter. Finally, Czech National Bank lifted its stake in FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after buying an additional 2,767 shares in the last quarter. Institutional investors 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.