FedEx (NYSE:FDX) Given New $250.00 Price Target at Sanford C. Bernstein

Key Points

• Analysts at Sanford C. Bernstein raised their price target for FedEx from $247 to $250, indicating a potential upside of 9.66% from the stock's last close.
• FedEx reported $3.83 earnings per share for the recent quarter, surpassing estimates of $3.71, with a revenue increase of 3.1% year-over-year.
• The stock has seen mixed analyst ratings, with one strong buy, sixteen buys, nine holds, and one sell, leading to an average price target of $271.67.

FedEx (NYSE:FDX - Free Report) had its price target lifted by Sanford C. Bernstein from $247.00 to $250.00 in a report published on Monday,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the shipping service provider's stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday. Jefferies Financial Group increased their target price on FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a report on Friday. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. UBS Group increased their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Cowen restated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $271.67.

FedEx Stock Performance

Shares of NYSE:FDX traded down $1.35 during midday trading on Monday, reaching $230.40. 3,849,418 shares of the company's stock traded hands, compared to its average volume of 2,232,425. 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 has a one year low of $194.29 and a one year high of $308.53. The company has a market cap of $54.36 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.34 and a beta of 1.20. The stock has a 50 day moving average of $228.77 and a 200 day moving average of $226.13.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of FedEx 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 sale, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 over the last 90 days. Corporate insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On FedEx

A number of institutional investors and hedge funds have recently made changes to their positions in FDX. Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% in the 2nd 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 last quarter. Norges Bank bought a new position in shares of FedEx in the second quarter worth about $605,497,000. Nuveen LLC purchased a new position in FedEx in the 1st quarter worth about $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 valued at $230,862,000 after buying an additional 896,271 shares in the last quarter. Finally, ACR Alpine Capital Research LLC boosted its position in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.