FedEx (NYSE:FDX) Stock Rating Upgraded by Wall Street Zen

FedEx (NYSE:FDX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Other equities analysts also recently issued research reports about the company. Daiwa Capital Markets raised their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Wolfe Research raised their target price on FedEx from $244.00 to $254.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Barclays restated an “overweight” rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. BNP Paribas Exane upgraded 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 lifted their price objective on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.67.

FedEx Price Performance

FedEx stock opened at $237.89 on Friday. 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 capitalization of $56.13 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20. FedEx has a one year low of $194.29 and a one year high of $308.53. The business has a 50 day simple moving average of $229.31 and a 200 day simple moving average of $226.01.

FedEx (NYSE:FDX) last posted its 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. 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%.FedEx’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx will post 19.14 EPS for the current fiscal year.

Insider Transactions at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the business’s stock in a transaction 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 in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following 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. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 over the last 90 days. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC raised its position in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing 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 valued at $224,000 after buying an additional 46 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in FedEx by 4.1% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock valued at $264,000 after buying an additional 46 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after buying an additional 48 shares in the last quarter. Finally, SouthState Corp boosted its stake in FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after purchasing an additional 48 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

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.