FedEx (NYSE:FDX) Stock Rating Lowered by BNP Paribas

FedEx (NYSE:FDX) was downgraded by research analysts at BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

Several other research firms also recently commented on FDX. The Goldman Sachs Group boosted their target price on shares of FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Bank of America raised FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price target for the company in a report on Friday, January 9th. BNP Paribas Exane cut FedEx from an “outperform” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Tuesday. Vertical Research decreased their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Finally, Jefferies Financial Group upped their price target on shares of FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of “Hold” and an average target price of $302.65.

FedEx Stock Up 1.2%

FDX stock opened at $313.31 on Tuesday. The business has a 50-day simple moving average of $282.56 and a 200 day simple moving average of $250.96. The company has a market cap of $73.67 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx has a 52 week low of $194.29 and a 52 week high of $318.83.

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

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Empowered Funds LLC boosted its stake in FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the period. Acadian Asset Management LLC grew its holdings in FedEx by 34.8% during the 1st quarter. Acadian Asset Management LLC now owns 3,880 shares of the shipping service provider’s stock valued at $943,000 after purchasing an additional 1,002 shares during the last quarter. Czech National Bank grew its stake in shares of FedEx by 5.9% during the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after buying an additional 2,987 shares during the last quarter. Finally, Fiduciary Alliance LLC increased its stake in FedEx by 34.9% in the second quarter. Fiduciary Alliance LLC now owns 1,562 shares of the shipping service provider’s stock worth $355,000 after purchasing an additional 404 shares during the period. 84.47% of the stock is currently owned by institutional investors.

About FedEx

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.