Raymond James Financial Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price target upped by Raymond James Financial from $255.00 to $305.00 in a research report report published on Monday morning,MarketScreener reports. They currently have an outperform rating on the shipping service provider’s stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group raised their target price on FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Stephens increased their price target on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a report on Friday. Finally, Susquehanna boosted their price objective on shares of FedEx from $300.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $299.12.

FedEx Price Performance

NYSE FDX opened at $292.48 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market capitalization of $68.77 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. The company has a 50 day simple moving average of $263.59 and a 200-day simple moving average of $242.08. FedEx has a 52-week low of $194.29 and a 52-week high of $292.88.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same period in the previous year, the company posted $4.05 EPS. FedEx’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s payout ratio is 31.97%.

Institutional Trading of FedEx

A number of hedge funds have recently bought and sold shares of FDX. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx during the third quarter valued at about $27,000. NewSquare Capital LLC increased its stake in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in FedEx in the 2nd quarter valued at approximately $28,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx in the 3rd quarter worth approximately $28,000. Finally, Ameriflex Group Inc. lifted its position in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.