Wall Street Zen Downgrades FedEx (NYSE:FDX) to Hold

FedEx (NYSE:FDX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein boosted their price objective on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Stifel Nicolaus decreased their target price on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Susquehanna increased their price target on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. Citigroup boosted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, HSBC upped their price objective on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.67.

FedEx Stock Performance

FDX stock opened at $244.14 on Friday. The stock’s 50 day simple moving average is $229.77 and its 200 day simple moving average is $225.71. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market cap of $57.61 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.36 and a beta of 1.28. 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:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts predict that FedEx will post 19.14 EPS for the current year.

Insider Transactions at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the company’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction dated 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 transaction, the director owned 15,513 shares of the company’s stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. Norges Bank acquired a new stake in shares of FedEx in the second quarter valued at $605,497,000. Nuveen LLC bought a new position in FedEx during the first quarter valued at about $314,650,000. AQR Capital Management LLC grew its holdings in FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after acquiring an additional 896,271 shares during the period. Finally, ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

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.