News coverage about FedEx (NYSE:FDX) has trended positive on Wednesday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. FedEx earned a daily sentiment score of 2.72 on their scale. InfoTrie also gave news coverage about the shipping service provider an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected FedEx’s ranking:
- FedEx (NYSE:FDX) Given a $322.00 Price Target by Credit Suisse Group Analysts (marketbeat.com)
- Amazon Prime Air Fleet Poised to Surpass DHL (fool.com)
- What Analysts Are Saying About FedEx After Earnings (feedproxy.google.com)
- FedEx Hiring 70K Workers For Holiday Season – WLTZ 38 NBC (wltz.com)
- FedEx’s Fred Smith Finds Vindication In a Wild 2020 – Bloomberg (bloomberg.com)
FedEx stock traded up $15.42 during midday trading on Wednesday, hitting $252.09. The company’s stock had a trading volume of 649,083 shares, compared to its average volume of 3,039,629. The company has a quick ratio of 1.53, a current ratio of 1.58 and a debt-to-equity ratio of 1.20. The stock’s 50-day moving average price is $204.74 and its 200-day moving average price is $148.86. FedEx has a 12 month low of $88.69 and a 12 month high of $241.00. The company has a market capitalization of $62.01 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.48.
FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 15th. The shipping service provider reported $4.87 EPS for the quarter, topping the consensus estimate of $2.69 by $2.18. FedEx had a net margin of 1.86% and a return on equity of 13.49%. The firm had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.56 billion. During the same period in the previous year, the business earned $3.05 earnings per share. FedEx’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that FedEx will post 10.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, September 3rd. FedEx’s dividend payout ratio (DPR) is presently 27.37%.
A number of research firms have commented on FDX. Berenberg Bank set a $280.00 price objective on shares of FedEx and gave the stock a “buy” rating in a report on Thursday, September 3rd. Daiwa Capital Markets lifted their price objective on shares of FedEx from $104.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. BMO Capital Markets lifted their price objective on shares of FedEx from $220.00 to $265.00 and gave the stock a “market perform” rating in a report on Wednesday. Robert W. Baird lifted their price objective on shares of FedEx from $232.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays raised their target price on FedEx from $205.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $250.23.
In related news, Director Susan C. Schwab sold 10,570 shares of FedEx stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $155.58, for a total value of $1,644,480.60. Following the transaction, the director now owns 16,600 shares of the company’s stock, valued at approximately $2,582,628. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brie Carere sold 1,307 shares of FedEx stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $202.60, for a total value of $264,798.20. Following the completion of the transaction, the executive vice president now directly owns 11,481 shares in the company, valued at approximately $2,326,050.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,058 shares of company stock worth $7,149,678. 8.49% of the stock is owned by company insiders.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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