Media stories about FedEx (NYSE:FDX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FedEx earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the shipping service provider an impact score of 46.5781855930664 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- FedEx (FDX) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- FedEx: Global Supply Chains will be Changed by Blockchain (crypto-news.net)
- Jury determines no infringement in FedEx case (marshallnewsmessenger.com)
- Woman tracks phone stolen from Shaky Beats Fest to FedEx store, leads police to 69 others (13wmaz.com)
- Executive Matthew Thornton III To Oversee $6.4 Billion FedEx Freight Business (blackenterprise.com)
Shares of NYSE FDX traded up $0.99 during mid-day trading on Friday, reaching $249.45. The company had a trading volume of 1,195,706 shares, compared to its average volume of 1,392,336. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $66.83 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.29 and a beta of 1.39. FedEx has a 1-year low of $188.75 and a 1-year high of $274.66.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.61. The business had revenue of $16.53 billion for the quarter, compared to analysts’ expectations of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 EPS. analysts anticipate that FedEx will post 15.13 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Credit Suisse Group lowered their price target on FedEx from $314.00 to $306.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 21st. Robert W. Baird lifted their price target on FedEx from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. Zacks Investment Research cut FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Citigroup lifted their price target on FedEx from $274.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on FedEx from $250.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $281.60.
In other news, CEO Frederick W. Smith sold 124,000 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $255.99, for a total value of $31,742,760.00. Following the completion of the sale, the chief executive officer now owns 14,864,465 shares of the company’s stock, valued at $3,805,154,395.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul S. Walsh sold 4,400 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $255.00, for a total value of $1,122,000.00. Following the completion of the sale, the director now directly owns 14,400 shares of the company’s stock, valued at approximately $3,672,000. The disclosure for this sale can be found here. Company insiders own 8.45% of the company’s stock.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
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