March 21, 2013 at 09:39 AM EDT
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 Dividend.com 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.

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