Jefferies Cuts Numbers on FedEx (FDX)

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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here