FedEx Corporation (NYSE:FDX) Receives $275.85 Consensus Price Target from Analysts

Key Points

• FedEx shares have been given a consensus rating of "Moderate Buy" by 25 analysts, with 15 buy ratings and one strong buy rating noted.
• The average 1-year target price for FedEx among analysts is $275.85, reflecting a positive outlook for the company's stock performance.
• FedEx recently announced a quarterly dividend of $1.45, representing an annualized dividend yield of 2.5%.

FedEx Corporation (NYSE:FDX - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $271.6667.

A number of research firms have weighed in on FDX. Bank of America upped their target price on FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a report on Friday. Vertical Research reduced their price target on FedEx from $280.00 to $275.00 in a research note on Friday. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. UBS Group upped their price target on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st.

FedEx Trading Down 0.6%

Shares of FDX stock traded down $1.35 during trading hours on Monday, reaching $230.40. The company's stock had a trading volume of 3,849,418 shares, compared to its average volume of 2,232,425. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx has a one year low of $194.29 and a one year high of $308.53. The stock has a market capitalization of $54.36 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.34 and a beta of 1.20. The firm's fifty day simple moving average is $228.84 and its 200 day simple moving average is $226.29.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is currently 33.86%.

Insider Transactions at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On FedEx

Several institutional investors have recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC raised its stake in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the period. Norges Bank bought a new stake in FedEx during the 2nd quarter valued at about $605,497,000. Nuveen LLC purchased a new position in FedEx during the 1st quarter worth $314,650,000. AQR Capital Management LLC increased its holdings in FedEx by 750.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider's stock worth $230,862,000 after purchasing an additional 896,271 shares during the period. Finally, ACR Alpine Capital Research LLC increased its holdings in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.