FedEx Corporation (NYSE:FDX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• FedEx Corporation has received a consensus rating of "Moderate Buy" from 28 brokerages, with 1 sell rating, 11 hold ratings, 15 buy ratings, and 1 strong buy rating.
• The average target price set by analysts for FedEx's stock is approximately $271.83, with notable price increases from firms like Citigroup and Susquehanna.
• FedEx reported a quarterly earnings per share of $3.83, surpassing estimates and demonstrating a 3.1% increase in revenue compared to the previous year.

Shares of FedEx Corporation (NYSE:FDX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $271.8333.

Several research firms recently weighed in on FDX. Wells Fargo & Company lifted their target price on shares of FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Friday, September 19th. Citigroup lifted their target price on shares of FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a report on Friday, September 19th. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a report on Friday, September 19th. HSBC lifted their target price on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of FedEx in a report on Wednesday, October 8th.

Hedge Funds Weigh In On FedEx

Institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in FedEx in the 2nd quarter worth $28,000. NewSquare Capital LLC lifted its holdings in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider's stock worth $28,000 after buying an additional 67 shares in the last quarter. Abound Financial LLC acquired a new position in FedEx in the 1st quarter worth $38,000. WPG Advisers LLC acquired a new position in FedEx in the 1st quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Up 0.5%

Shares of NYSE FDX opened at $236.91 on Friday. FedEx has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a fifty day moving average of $231.68 and a 200-day moving average of $225.63. The stock has a market capitalization of $55.90 billion, a PE ratio of 13.83, a P/E/G ratio of 1.31 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx's payout ratio is currently 33.86%.

FedEx Company Profile

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.

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