FedEx (NYSE: FDX) shares were the first stock analysts at StockNews.com covered in their first research report, which was delivered to customers and investors on Thursday.
The report was delivered to customers and investors on Thursday.
The brokerage firm gave the stock of the transportation company a recommendation to “hold,” which means to maintain current ownership.
FedEx (NYSE: FDX) divulged its most recent financial results to the general public on December 20.
The shipping company reported profits for the quarter that came in at $3.18 per share, which is $0.41 more than the consensus estimate of $2.77.
During the year, FedEx achieved a return on equity of 19.17% and a net margin of 3.54%.
The revenue for the quarter came in at $22.81 billion, which is significantly less than the consensus expectation of $23.66 billion that was anticipated by the market.
According to the forecasts provided by research analysts, when the current financial year of FedEx comes to a close, the company will have generated earnings of $13.5 per share.
Thursday was the first-day trading could begin on the NYSE FDX, and the opening price was $195.30. FedEx is currently trading for $141.92 per share, which is lower than its 52-week low of $248.76 per share and higher than its 52-week high of $248.76 per share.
The simple moving average of the company’s stock price over the past 50 days is $199.99, and the simple moving average over the past 200 days is $181.45.
The ratio of current assets to total assets is 1.30; the ratio of quick assets to current assets is 1.25; and the ratio of total assets to current assets is 0.83.
The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-to-growth ratio of 1.24, and a beta coefficient of 1.31.
These metrics indicate that the company is relatively expensive relative to its earnings.
FDX has, in recent times, attracted the attention and commentary of various research companies.
According to research conducted by Goldman Sachs Group and released on February 15, the company has projected that FedEx will reach a price of $218.00.
In a report on the research that was made available to the public on Monday, The rating that BMO Capital Markets has assigned to FedEx has been upgraded from “market perform” to “outperform,” and the price target that they have established for the company has been raised from $180.00 to $210.00.
In a report distributed on Wednesday, December 21, JPMorgan Chase & Co upgraded FedEx from a “neutral” rating to an “overweight” rating, increasing their price objective on the stock from $165.00 to $170.00.
In a report released on Friday, March 3, JPMorgan Chase & Co increased their price objective on FedEx from $179.00 to $199.00, moving it up from the previous $179.00. FedEx was upgraded from a “neutral” rating to an “outperform,” and Susquehanna raised its price objective on the stock. UBS Group’s research report on FedEx, published on Thursday, February 2, projected a price objective of $225.00 for the company.
This was the final and most significant of all the predictions.
Ten research analysts recommended that shareholders maintain their current stock holdings, while fourteen gave the stock a buy rating.
According to data from Bloomberg.com, the typical price target for the company’s stock is $210.88.
The stock currently carries a rating of “Moderate Buy,” the website’s overall consensus recommendation.
In related news, FedEx director Amy B.
Lane purchased 280 shares on January 3, bringing the total number of shares she now owns to 320.
The total cost of purchasing the shares was $49,232.40, corresponding to an average price of $175.83.
The price was determined by multiplying the total cost by 100.
As a direct consequence of the transaction, the director now owns 1,529 shares of the company, and the value of those shares, according to the current market, is $268,844.07.
The acquisition was reported in a document handed to the SEC, which is now available on the website of the SEC.
The insiders own the company’s stock to the extent of 8.62%.
As a result of recent occurrences, several hedge funds have revised the percentage of the corporation’s stock that each of them owns.
The value of Physicians Financial Services INC’s holdings in FedEx rose by 0.6% over the second quarter.
Physicians Financial Services INC now has 7,133 shares of the stock held by the transportation service provider due to the purchase of 43 additional shares during the most recent quarter.
The value of all these shares combined equals a total of $1,617,000.
During the second quarter, Probity Advisors INC raised the FedEx stock it personally owned by 2.1%. Following the acquisition of an additional 47 shares during the most recent fiscal quarter, Probity Advisors INC now holds 2,282 shares of the company that provides transportation services.
The current market value of these shares is estimated to be 517,000 dollars. Salem Investment Counselors, INC added 0.3 percent more FedEx stock to its holdings over the most recent quarter of 2018. Salem Investment Counselors INC now has 16,651 stock held by the transportation service provider after making an additional purchase of 47 shares during the most recent quarter.
The stock is currently valued at $2,903,000.
The value of Spire Wealth Management’s holdings in FedEx increased by 4.3% over the final three months of 2018. Spire Wealth Management now owns 1,220 shares of the transportation services company after purchasing an additional 50 shares during the most recent quarter.
The price of each share is subject to market fluctuations, and the company’s total market capitalization equals $211,000. Not to mention, during the fourth and final quarter of