Market Update (NYSE:FDX): FedEx Office Headquarters Features Four-Story Mosaic By Dallas’ Own Award-Winning Artist Sonia King

[Business Wire] – FedEx Office today celebrated the official unveiling of a new visual centerpiece at its recently-opened corporate campus in Plano, Texas. Highlighting local talent and creativity and demonstrating the company’s printing and production capabilities, the centerpiece features a high-resolution photograph of an original mosaic titled “Nebula Chroma,” created by Dallas native and award-winning artist Sonia … Read more on this. FedEx Corporation (FDX) , with a current market cap of $43.58B, started trading this morning at $162.16. Looking at today’s market, FDX one day range is $162.00 to $163.01 with its 52-week range being $119.71 to $185.19. FDX shares are currently priced at 15.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.21x forward p/e ratio. And for passive income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 0.61%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $3.31 per share, which would be $0.65 better than the year-ago quarter and a $0.09 sequential increase. Investors should also note that the full-year EPS estimate of $10.79 is a $1.84 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.77 Billion. If realized, that would be a 5.45% increase over the year-ago quarter. More recently, Standpoint Research downgraded FDX from Buy to Hold (Mar 17, 2016). Previously, Standpoint Research upgraded FDX from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $175.60, which is 8.29% above than it opened this morning. See more in (NYSE:FDX) Similar Articles: Company Update: FedEx Corporation (NYSE:FDX) – Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express Company Update (NYSE:FDX): FedEx Office Plants Roots in Plano Stock Update: FedEx Corporation (NYSE:FDX) – FedEx Forecasts Record Volume This Holiday Season
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