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

Shares of FedEx Corporation (NYSE:FDX) have received a consensus rating of “Moderate Buy” from the twenty-five analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $275.85.

Several equities research analysts recently commented on the stock. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Thursday, July 3rd. Raymond James Financial reiterated an “outperform” rating and set a $255.00 target price on shares of FedEx in a report on Thursday. Barclays restated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, Evercore ISI reissued an “in-line” rating and issued a $243.00 target price (down from $249.00) on shares of FedEx in a report on Wednesday, September 17th.

Insider Activity at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the company’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. 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. WealthPlan Investment Management LLC grew its position in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the last quarter. L2 Asset Management LLC increased its position in FedEx by 4.9% in the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after purchasing an additional 46 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in FedEx by 4.1% in the second quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock worth $264,000 after acquiring an additional 46 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after acquiring an additional 48 shares during the last quarter. Finally, SouthState Corp boosted its holdings in shares of FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after buying an additional 48 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $232.10 on Monday. The stock’s 50 day simple moving average is $228.84 and its two-hundred day simple moving average is $226.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.34 and a beta of 1.20. FedEx has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last released its earnings results 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. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts anticipate that FedEx will post 19.14 earnings per share 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 paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 34.36%.

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.