FedEx (NYSE:FDX) Given New $240.00 Price Target at Daiwa Capital Markets

FedEx (NYSE:FDX) had its target price upped by Daiwa Capital Markets from $232.00 to $240.00 in a research note issued to investors on Monday morning,MarketScreener reports. Daiwa Capital Markets currently has a neutral rating on the shipping service provider’s stock.

Several other equities analysts have also recently commented on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $243.00 price objective (down previously from $249.00) on shares of FedEx in a research note on Wednesday, September 17th. Citigroup boosted their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. Truist Financial reiterated a “buy” rating and set a $275.00 target price on shares of FedEx in a research report on Wednesday, June 25th. Finally, Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $271.67.

FedEx Price Performance

Shares of NYSE:FDX opened at $230.40 on Monday. The company has a 50 day moving average of $228.77 and a 200 day moving average of $226.13. The stock has a market cap of $54.36 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.34 and a beta of 1.20. 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:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The company 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%. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts forecast that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx’s payout ratio is presently 33.86%.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company’s stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FedEx

Hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC lifted its holdings in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in FedEx during the 2nd quarter valued at $28,000. Abound Financial LLC bought a new stake in FedEx during the 1st quarter valued at $38,000. Ameriflex Group Inc. bought a new stake in FedEx during the 4th quarter valued at $43,000. Finally, WPG Advisers LLC bought a new stake in FedEx during the 1st quarter valued at $43,000. 84.47% of the stock is currently owned by institutional investors.

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.