FedEx (NYSE:FDX) Lowered to “Neutral” Rating by Rothschild & Co Redburn

Rothschild & Co Redburn cut shares of FedEx (NYSE:FDX) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has $271.00 price objective on the shipping service provider’s stock.

Other analysts have also issued reports about the stock. Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Raymond James Financial lifted their price target on FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. HSBC boosted their price target on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. TD Cowen reaffirmed a “buy” rating on shares of FedEx in a research report on Friday, December 19th. Finally, Truist Financial boosted their target price on FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $303.86.

FedEx Trading Up 2.0%

NYSE FDX opened at $306.92 on Wednesday. FedEx has a 52 week low of $194.29 and a 52 week high of $318.83. The stock’s 50 day moving average price is $287.05 and its two-hundred day moving average price is $253.44. The stock has a market capitalization of $72.16 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.51 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

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. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same period last year, the company earned $4.05 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio is presently 31.97%.

Institutional Investors Weigh In On FedEx

Several institutional investors have recently made changes to their positions in the stock. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx during the 3rd quarter valued at $27,000. NewSquare Capital LLC increased its position in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in FedEx in the second quarter valued at about $28,000. Wealth Watch Advisors INC bought a new stake in FedEx during the third quarter worth about $28,000. Finally, Ameriflex Group Inc. grew its stake 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. 84.47% of the stock is currently 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.