瑞士信贷集团分析师将联邦快递(纽约证券交易所代码:FDX)的目标价定为269.00美元

瑞士信贷集团分析师将联邦快递(纽约证券交易所代码:FDX)的目标价定为269.00美元
2023年04月04日 16:01 富途牛牛综合

Credit Suisse Group set a $269.00 price objective on FedEx (NYSE:FDX – Get Rating) in a research report report published on Monday, Borsen Zeitung reports.

Several other analysts have also issued reports on FDX. Stephens upped their price objective on FedEx from $200.00 to $290.00 and gave the company an overweight rating in a research note on Friday, March 17th. BMO Capital Markets lifted their target price on shares of FedEx from $180.00 to $210.00 and gave the stock a market perform rating in a report on Monday, March 13th. Argus raised their price objective on shares of FedEx from $200.00 to $240.00 and gave the stock a buy rating in a research report on Tuesday, March 21st. Robert W. Baird upped their target price on FedEx from $230.00 to $250.00 in a research report on Friday, March 17th. Finally, StockNews.com upgraded FedEx from a hold rating to a buy rating in a research note on Friday, March 24th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of Moderate Buy and a consensus target price of $232.96.

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FedEx Price Performance

Shares of NYSE FDX opened at $228.84 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.32 and a quick ratio of 1.27. The business has a 50-day moving average of $208.25 and a 200-day moving average of $182.31. The stock has a market capitalization of $57.52 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.27 and a beta of 1.31. FedEx has a fifty-two week low of $141.92 and a fifty-two week high of $248.76.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings data on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.74. The company had revenue of $22.17 billion for the quarter, compared to analysts' expectations of $22.74 billion. FedEx had a return on equity of 17.71% and a net margin of 3.23%. The business's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.59 EPS. As a group, sell-side analysts predict that FedEx will post 14.94 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 13th were issued a $1.15 dividend. The ex-dividend date was Friday, March 10th. This represents a $4.60 dividend on an annualized basis and a yield of 2.01%. FedEx's payout ratio is currently 39.72%.

Hedge Funds Weigh In On FedEx

A number of institutional investors and hedge funds have recently modified their holdings of the business. Physicians Financial Services Inc. raised its holdings in shares of FedEx by 0.6% during the second quarter. Physicians Financial Services Inc. now owns 7,133 shares of the shipping service provider's stock valued at $1,617,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. boosted its holdings in FedEx by 0.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 16,651 shares of the shipping service provider's stock worth $2,903,000 after acquiring an additional 47 shares in the last quarter. Spire Wealth Management increased its holdings in shares of FedEx by 4.3% during the fourth quarter. Spire Wealth Management now owns 1,220 shares of the shipping service provider's stock valued at $211,000 after acquiring an additional 50 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of FedEx by 1.9% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,659 shares of the shipping service provider's stock worth $461,000 after purchasing an additional 50 shares during the period. Finally, Laraway Financial Advisors Inc lifted its holdings in shares of FedEx by 2.0% in the 1st quarter. Laraway Financial Advisors Inc now owns 2,490 shares of the shipping service provider's stock worth $575,000 after purchasing an additional 50 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

About FedEx

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.

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