Argus Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price objective boosted by Argus from $250.00 to $350.00 in a research note released on Wednesday,MarketScreener reports. The brokerage currently has a buy rating on the shipping service provider’s stock.

A number of other equities analysts also recently weighed in on FDX. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Bank of America upgraded FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price target on the stock in a report on Friday, January 9th. Morgan Stanley upped their price objective on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Friday, December 19th. Stifel Nicolaus set a $328.00 target price on FedEx in a research report on Friday, December 19th. Finally, Rothschild & Co Redburn downgraded shares of FedEx from a “buy” rating to a “neutral” rating and set a $271.00 price target on the stock. in a report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $303.86.

FedEx Price Performance

FDX opened at $306.92 on Wednesday. FedEx has a 1 year low of $194.29 and a 1 year high of $318.83. 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 has a market capitalization of $72.16 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.51 and a beta of 1.35. The firm’s fifty day moving average price is $287.05 and its two-hundred day moving average price is $253.44.

FedEx (NYSE:FDX) last released 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. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period last year, the firm earned $4.05 earnings per share. The firm’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. As a group, analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Institutional Investors Weigh In On FedEx

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the period. Empowered Funds LLC lifted its holdings in shares of FedEx by 78.9% in 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 in the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx in the second quarter valued at approximately $586,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of FedEx by 2.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,442 shares of the shipping service provider’s stock valued at $782,000 after acquiring an additional 94 shares during the period. Finally, GAMMA Investing LLC grew its stake in FedEx by 39.5% during the second quarter. GAMMA Investing LLC now owns 3,121 shares of the shipping service provider’s stock valued at $709,000 after acquiring an additional 883 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

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.