FedEx’s (FDX) “In-Line” Rating Reaffirmed at Evercore ISI

Evercore ISI reaffirmed their in-line rating on shares of FedEx (NYSE:FDX) in a research note published on Wednesday morning, MarketBeat Ratings reports. Evercore ISI currently has a $243.00 target price on the shipping service provider’s stock, down from their prior target price of $249.00.

FDX has been the subject of several other reports. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Citigroup lowered their price target on FedEx from $278.00 to $275.00 and set a “buy” rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on FedEx from $290.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, September 5th. Finally, Stifel Nicolaus set a $315.00 target price on FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $275.85.

FedEx Stock Performance

NYSE:FDX opened at $232.10 on Wednesday. The stock has a market cap of $54.76 billion, a P/E ratio of 13.55, a PEG ratio of 1.28 and a beta of 1.20. The stock has a 50 day simple moving average of $228.84 and a 200 day simple moving average of $226.62. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.43%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the previous year, the company earned $3.60 EPS. The business’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx’s dividend payout ratio is presently 34.36%.

Insider Activity

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director directly owned 8,935 shares of the company’s stock, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On FedEx

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in FedEx by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after acquiring an additional 211,165 shares during the period. Dodge & Cox grew its stake in FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after purchasing an additional 649,426 shares during the period. Geode Capital Management LLC grew its stake in FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. grew its stake in FedEx by 2.1% during the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.