FedEx (NYSE:FDX) Downgraded to “Hold” Rating by Loop Capital

FedEx (NYSE:FDX) was downgraded by Loop Capital from a “buy” rating to a “hold” rating in a research report issued on Monday,Briefing.com Automated Import reports. They currently have a $283.00 price objective on the shipping service provider’s stock, down from their previous price objective of $365.00. Loop Capital’s price target would indicate a potential upside of 6.81% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. BMO Capital Markets boosted their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Citigroup lifted their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

FedEx Trading Down 1.6 %

Shares of FDX stock opened at $264.96 on Monday. FedEx has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a market capitalization of $63.82 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.10 and a beta of 1.18. The firm has a 50-day moving average price of $279.62 and a 200 day moving average price of $282.22. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the firm posted $3.99 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Research analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Trading of FedEx

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC lifted its position in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in FedEx during the fourth quarter worth $28,000. City Holding Co. bought a new stake in FedEx during the fourth quarter worth $28,000. Finally, Kentucky Trust Co bought a new stake in FedEx during the fourth quarter worth $28,000. Institutional investors own 84.47% of the company’s stock.

About FedEx

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.