FedEx (NYSE:FDX) Given a $215.00 Price Target at UBS Group

FedEx (NYSE:FDX - Get Rating) received a $215.00 price target from research analysts at UBS Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. UBS Group's price target would suggest a potential upside of 26.48% from the company's current price.

A number of other analysts have also weighed in on FDX. Susquehanna Bancshares reduced their price target on shares of FedEx from $250.00 to $165.00 in a research note on Thursday, October 13th. BMO Capital Markets decreased their price target on shares of FedEx from $215.00 to $190.00 and set a "market perform" rating on the stock in a research report on Friday, September 23rd. Evercore ISI decreased their target price on FedEx from $225.00 to $202.00 and set an "outperform" rating on the stock in a report on Monday. Cowen dropped their price target on FedEx from $230.00 to $185.00 in a research note on Friday, September 23rd. Finally, Bank of America decreased their target price on shares of FedEx from $186.00 to $178.00 and set a "neutral" rating for the company in a report on Friday, September 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $203.64.

FedEx Price Performance

Shares of NYSE FDX opened at $169.99 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.42 and a quick ratio of 1.38. FedEx has a 1-year low of $141.92 and a 1-year high of $266.79. The business has a 50-day moving average of $167.20 and a 200-day moving average of $194.69. The company has a market capitalization of $44.23 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.01 and a beta of 1.33.

FedEx (NYSE:FDX - Get Rating) last released its earnings results on Thursday, September 22nd. The shipping service provider reported $3.44 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.01. FedEx had a return on equity of 20.95% and a net margin of 3.79%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.78 billion. During the same quarter last year, the business posted $4.37 EPS. FedEx's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that FedEx will post 14.26 EPS for the current fiscal year.

Insider Activity

In other FedEx news, Director R Brad Martin bought 1,500 shares of the stock in a transaction dated Monday, September 26th. The shares were bought at an average cost of $143.41 per share, with a total value of $215,115.00. Following the completion of the acquisition, the director now owns 750 shares of the company's stock, valued at $107,557.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.62% of the company's stock.

Institutional Trading of FedEx

Several institutional investors have recently modified their holdings of FDX. Mizuho Markets Americas LLC purchased a new position in FedEx in the second quarter worth $229,102,000. Renaissance Technologies LLC purchased a new stake in FedEx during the 3rd quarter worth about $122,633,000. Mawer Investment Management Ltd. purchased a new position in shares of FedEx during the 2nd quarter valued at $181,239,000. ACR Alpine Capital Research LLC bought a new position in shares of FedEx in the second quarter worth approximately $161,754,000. Finally, FMR LLC grew its stake in FedEx by 15.6% in the 2nd quarter. FMR LLC now owns 4,100,112 shares of the shipping service provider's stock worth $929,536,000 after buying an additional 554,395 shares in the last quarter. Institutional investors own 71.62% of the company's stock.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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