FedEx (NYSE:FDX) Rating Lowered to Hold at Loop Capital

Loop Capital lowered shares of FedEx (NYSE:FDX) from a buy rating to a hold rating in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has $283.00 price objective on the shipping service provider’s stock, down from their previous price objective of $365.00.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. UBS Group lifted their target price on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. Citigroup upped their price target on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Bank of America lifted their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx Stock Up 0.7 %

FDX stock opened at $252.62 on Monday. FedEx has a one year low of $234.45 and a one year high of $313.84. The firm has a market cap of $60.84 billion, a PE ratio of 16.10, a PEG ratio of 1.10 and a beta of 1.18. The firm’s 50 day moving average price is $277.43 and its 200-day moving average price is $281.22. 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 earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.99 earnings per share. On average, equities research analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Insider Activity at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of 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 position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its holdings in FedEx by 144.4% during 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 during the last quarter. Evermay Wealth Management LLC raised its stake in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx in the 4th quarter valued at about $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter worth about $28,000. Finally, Kentucky Trust Co purchased a new position in shares of FedEx during the 4th quarter worth $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.