FedEx (NYSE: FDX) Gets Decreased $340 Price Objective From JPMorgan Chase


FedEx (NYSE: FDX) share prices have been decreased to $340 from $350 by the analysts of JPMorgan Chase and Co. on 11th March, Thursday. This indicates a 26.56% potential upside from the previous close of the stock. 

On Thursday, the company traded up to $268.64 with the market cap being $71.21 billion. They had 116,255 trading shares volume compared to 2,431,577 average volume. Their lowest in 1 year is $88.69 while the highest is $305.66. Their current, quick, and leverage ratio is 1.76, 1.71, and 1.10. Their 50-day rolling average is $253.37 while the 200-day is $260.05. 

According to their 16th December report, their quarterly EPS was $4.83, exceeding the $4.01 consensus estimate by nearly $0.82. They had a 3.28% net margin with an 18.65% equity return. Their revenue was $20.56 billion, surpassing the $19.45 billion estimate. 

FDX Stock Has Consensus ‘Buy’ Rating 

Cowen lifted the price objective of FDX shares to $328 from $290 and gave a rating of ‘outperform’. Berenberg Bank assigned it $325 with a rating of ‘buy’. Argus raised it to $305 from $270 and gave a rating of ‘buy’. Zacks allotted it $286 and upgraded the rating to ‘strong-buy’ from ‘hold’. Barclays promoted it to $360 from $240 with a rating of ‘overweight’ from ‘equal weight’. The company has a consensus ‘buy’ recommendation with a $312.24 price objective. 

Kim Jabal, the Director, sold off 3,000 FDX shares at $256.89 EPS worth $770,670. 8.49% FedEx stock is owned by insiders. 

Winton Group bought new holdings in FDX stock, owning $674,000 worth of shares. Donaldson Cap. Management purchased a new stake and own $261,000 worth of shares. LA Capital Management raised their position by almost $267.4% and own shares priced at $1,466,000. Jennison Associates bought a new stake and owns shares valued at $43,332,000. CIBC Management upgraded their holdings by approximately 1.8%, owning $5,518,000 worth of shares. 72.74% FDX stock is owned by institutional investors.