On Thursday, analysts at Jefferies & Co. cut the earnings estimates and price target on FedEx Corporation (FDX), following the shipping company’s poor third quarter earnings results.
The analysts maintain a “Hold” rating on FDX and see shares now reaching $100. This target suggests a slight upside to Wednesday’s closing price of $99.13.
FedEx shares were down 93 cents, or -0.94%, during Thursday morning trading. The stock is up +2.65% over the past year.
The Bottom Line
Shares of FedEx (FDX) have a dividend yield of 0.56% based on last night’s closing price of $99.13 and the company’s annualized dividend payout of 56 cents per share.
FedEx Corporation (FDX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.