FedEx (NYSE:FDX) Price Target Raised to $275.00 at Evercore ISI

FedEx (NYSE:FDX) had its price objective upped by Evercore ISI from $239.00 to $275.00 in a research note released on Tuesday, Marketbeat.com reports. The brokerage currently has an in-line rating on the shipping service provider’s stock.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of FedEx from $274.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Truist Financial set a $285.00 price target on shares of FedEx in a report on Tuesday, October 14th. Jefferies Financial Group lifted their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. The Goldman Sachs Group lowered their target price on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Finally, BMO Capital Markets raised their target price on FedEx from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.79.

FedEx Price Performance

FDX opened at $275.27 on Tuesday. The stock has a fifty day moving average price of $255.17 and a 200 day moving average price of $237.83. 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 has a 1 year low of $194.29 and a 1 year high of $295.24. The stock has a market cap of $64.95 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.32.

FedEx (NYSE:FDX) last issued 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 company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts forecast that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Institutional Trading of FedEx

Hedge funds have recently added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC bought a new stake in FedEx in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx during the second quarter valued at about $28,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx in the third quarter valued at about $28,000. NewSquare Capital LLC grew its position in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after buying an additional 63 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

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.