FedEx (NYSE:FDX) Given Neutral Rating at Bank of America

Key Points

• FedEx's stock has received a "neutral" rating from Bank of America, with a price objective lowered to $240, indicating a potential upside of 6.28% from its previous close.
• Several analysts have provided various ratings and price targets for FedEx, resulting in an average rating of "Moderate Buy" and an average target price of $282.54.
• Insiders have recently sold significant portions of their holdings, with total insider sales amounting to over $2.2 million in the last quarter.

FedEx (NYSE:FDX - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at Bank of America in a research note issued to investors on Thursday,Benzinga reports. They presently have a $240.00 price objective on the shipping service provider's stock, down from their previous price objective of $245.00. Bank of America's price objective suggests a potential upside of 6.28% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Nicolaus set a $315.00 price objective on FedEx in a research report on Wednesday, June 25th. Susquehanna lifted their price objective on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. Finally, Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $282.54.

FedEx Stock Performance

Shares of FDX stock opened at $225.82 on Thursday. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $53.28 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.18 and a beta of 1.20. The stock's fifty day simple moving average is $230.23 and its 200-day simple moving average is $227.97.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction dated 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 sale, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 over the last quarter. Insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On FedEx

Several large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its stake in FedEx by 28,080.9% during 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 worth approximately $605,497,000. Nuveen LLC bought a new stake in FedEx during the 1st quarter worth approximately $314,650,000. AQR Capital Management LLC lifted 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 buying an additional 896,271 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted 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 buying an additional 732,266 shares in the last quarter. Institutional investors and hedge funds 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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