FedEx Corporation (NYSE:FDX) Receives $271.83 Average PT from Brokerages

FedEx Corporation (NYSE:FDXGet Free Report) has been assigned an average rating of “Moderate Buy” from the twenty-eight ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $271.8333.

A number of equities analysts recently issued reports on the stock. Bank of America upped their price objective on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. The Goldman Sachs Group lowered their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Citigroup upped their price objective on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research report on Thursday, July 3rd. Finally, HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th.

Read Our Latest Stock Report on FDX

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewSquare Capital LLC increased its position in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx in the 2nd quarter worth approximately $28,000. Abound Financial LLC bought a new stake in shares of FedEx in the 1st quarter valued at $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the 1st quarter valued at $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $242.80 on Friday. The firm has a 50 day moving average of $232.46 and a 200-day moving average of $225.87. The stock has a market capitalization of $57.29 billion, a PE ratio of 14.17, a PEG ratio of 1.34 and a beta of 1.28. FedEx has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.4%. FedEx’s payout ratio is presently 33.86%.

FedEx Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.