FedEx Corporation (NYSE:FDX) Receives Average Rating of “Moderate Buy” from Analysts

FedEx Corporation (NYSE:FDX) has received an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $271.6667.

Several brokerages have recently commented on FDX. Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James Financial restated an “outperform” rating and set a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. Evercore ISI dropped their price target on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, The Goldman Sachs Group dropped their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th.

Insider Buying and Selling

In related news, Director R Brad Martin sold 2,123 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction 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 directly owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company’s stock.

Institutional Trading of FedEx

Hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC boosted its holdings in FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares during the period. Sivia Capital Partners LLC bought a new stake in FedEx in the 2nd quarter valued at $586,000. Sage Capital Advisors llc boosted its holdings in FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares during the period. Value Partners Investments Inc. boosted its holdings in FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC bought a new stake in FedEx in the 2nd quarter valued at $1,200,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

Shares of FDX opened at $237.89 on Monday. The company’s fifty day moving average is $229.31 and its 200-day moving average is $226.13. FedEx has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market cap of $56.13 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS 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 16.33%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the business posted $3.60 EPS. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

About FedEx

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.