FedEx (NYSE:FDX) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of FedEx (NYSE:FDX) in a research report released on Tuesday morning,MarketScreener reports.

Several other research analysts also recently weighed in on the stock. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, December 19th. Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Wolfe Research reaffirmed an “outperform” rating on shares of FedEx in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price target on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Finally, Daiwa Capital Markets increased their price objective on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $302.65.

FedEx Price Performance

FDX stock opened at $300.92 on Tuesday. 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 company’s 50-day moving average is $286.29 and its 200-day moving average is $253.07. The stock has a market capitalization of $70.75 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. FedEx has a 1 year low of $194.29 and a 1 year 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, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the prior year, the business earned $4.05 EPS. The firm’s revenue for the quarter 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 expect that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. FedEx’s payout ratio is currently 31.97%.

Institutional Trading of FedEx

Institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. grew its position in FedEx by 10.6% during the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after buying an additional 4,634 shares in the last quarter. New York State Teachers Retirement System increased its stake in FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after acquiring an additional 4,734 shares during the last quarter. Pacer Advisors Inc. lifted its stake in FedEx by 34.9% during the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after purchasing an additional 6,234 shares during the last quarter. CWM LLC lifted its position in FedEx by 244.4% in the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock worth $19,268,000 after buying an additional 57,983 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other 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.