FedEx (NYSE:FDX) Downgraded to "Hold" Rating by Wall Street Zen

FedEx (NYSE:FDX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities research analysts have also commented on FDX. Daiwa Capital Markets upped 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. Barclays restated an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. HSBC increased their target price on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Weiss Ratings restated a "hold (c)" rating on shares of FedEx in a research report on Saturday, September 27th. Finally, Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $271.67.

FedEx Stock Up 0.7%

FDX stock opened at $244.14 on Friday. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The company has a market capitalization of $57.61 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The business's 50 day moving average price is $229.77 and its two-hundred day moving average price is $226.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Brad Martin sold 2,123 shares of FedEx 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 sale, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock worth $2,228,816 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FedEx

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

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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