News stories about FedEx (NYSE:FDX) have trended negative this week, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. FedEx earned a media sentiment score of -2.67 on their scale. InfoTrie also assigned news coverage about the shipping service provider an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected FedEx’s analysis:
A number of research analysts recently issued reports on FDX shares. Wells Fargo & Co started coverage on shares of FedEx in a report on Monday, October 28th. They set an “outperform” rating and a $189.00 price objective for the company. JPMorgan Chase & Co. set a $140.00 target price on FedEx and gave the company a “neutral” rating in a research report on Friday, October 4th. DZ Bank reissued a “sell” rating on shares of FedEx in a report on Wednesday, September 18th. Stephens set a $192.00 price target on FedEx and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird lowered their price objective on FedEx from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. FedEx presently has a consensus rating of “Hold” and a consensus price target of $170.40.
FedEx stock traded up $3.31 during midday trading on Friday, reaching $156.61. 2,378,219 shares of the stock were exchanged, compared to its average volume of 1,846,143. FedEx has a 52 week low of $137.78 and a 52 week high of $217.45. The firm has a market cap of $40.16 billion, a PE ratio of 10.09, a PEG ratio of 1.06 and a beta of 1.71. The company’s fifty day moving average is $157.29 and its 200-day moving average is $158.81. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.25 and a current ratio of 1.31.
FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.12). FedEx had a return on equity of 21.15% and a net margin of 0.65%. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the prior year, the firm earned $3.46 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx will post 12.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 9th will be issued a $0.65 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.60 annualized dividend and a yield of 1.66%. FedEx’s dividend payout ratio (DPR) is presently 16.75%.
In other news, Director R Brad Martin acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $145.00 per share, with a total value of $145,000.00. Following the transaction, the director now owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Edwardson bought 5,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $151.75 per share, with a total value of $758,750.00. Following the completion of the acquisition, the director now directly owns 62,966 shares of the company’s stock, valued at approximately $9,555,090.50. The disclosure for this purchase can be found here. 8.44% of the stock is owned by company insiders.
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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