News coverage about FedEx (NYSE:FDX) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FedEx earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the shipping service provider an impact score of 46.156142316357 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- FedEx orders 20 Tesla semi-electric trucks (logisticsmagazine.com.au)
- FedEx Freight Head to Retire in August (truckinginfo.com)
- FedEx Freight President and CEO (postandparcel.info)
- MLK50: TruGreen attorney’s story started with FedEx (bizjournals.com)
- PGA Fedex Cup FedEx Cup Rankings (uk.reuters.com)
Shares of FDX stock traded up $1.22 on Tuesday, reaching $251.25. 665,538 shares of the company’s stock were exchanged, compared to its average volume of 1,889,335. FedEx has a 52 week low of $182.89 and a 52 week high of $274.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.37 and a current ratio of 1.43. The firm has a market capitalization of $65,496.33, a P/E ratio of 20.42, a P/E/G ratio of 1.27 and a beta of 1.37.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 16.26%.
A number of research firms have weighed in on FDX. Credit Suisse Group lowered their target price on FedEx from $314.00 to $306.00 and set an “outperform” rating on the stock in a report on Wednesday, March 21st. Zacks Investment Research cut FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. UBS upgraded FedEx from a “neutral” rating to a “buy” rating and upped their price target for the stock from $264.00 to $302.00 in a research report on Friday, January 5th. Sanford C. Bernstein set a $236.00 price target on FedEx and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Loop Capital upped their price target on FedEx to $318.00 in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $281.51.
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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