Jefferies Financial Group Increases FedEx (NYSE:FDX) Price Target to $280.00

Key Points

• FedEx's price target was raised by Jefferies Financial Group from $275.00 to $280.00, indicating a potential upside of 20.41% from its current price, and the firm maintains a "buy" rating on the stock.
• In its recent quarterly earnings report, FedEx surpassed analysts' expectations with an earnings per share of $3.83 and revenue of $22.20 billion, which was a 3.1% increase compared to the same quarter last year.
• Several analysts have varying outlooks on FedEx, with some setting price targets as high as $320.00, while others have downgraded the stock, reflecting a mixed sentiment among market participants.

FedEx (NYSE:FDX - Free Report) had its target price boosted by Jefferies Financial Group from $275.00 to $280.00 in a research note released on Friday morning,MarketScreener Latest Ratings reports. The firm currently has a buy rating on the shipping service provider's stock.

Several other analysts have also recently weighed in on the stock. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price objective on shares of FedEx from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday. Evercore ISI reaffirmed an "in-line" rating and set a $243.00 price objective (down previously from $249.00) on shares of FedEx in a research report on Wednesday. Susquehanna increased their price objective on shares of FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday. Finally, Barclays reaffirmed an "overweight" rating and set a $320.00 price objective (down previously from $330.00) 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, fifteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $275.85.

FedEx Price Performance

NYSE FDX traded up $5.60 during trading hours on Friday, hitting $232.10. 8,378,809 shares of the company's stock traded hands, compared to its average volume of 1,900,524. FedEx has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a market capitalization of $54.76 billion, a PE ratio of 13.55, a PEG ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The firm's 50-day moving average is $228.84 and its 200-day moving average is $226.45.

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. FedEx had a net margin of 4.65% and a return on equity of 16.43%. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the prior year, the company earned $3.60 EPS. FedEx's revenue 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 analysts forecast that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's dividend payout ratio (DPR) is 34.36%.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction 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 transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. Insiders own 0.53% of the company's stock.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in shares of FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after acquiring an additional 63 shares during the period. Sage Capital Advisors llc increased its stake in shares of FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock worth $7,887,000 after acquiring an additional 20,024 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of FedEx during the second quarter worth about $586,000. Value Partners Investments Inc. increased its stake in shares of FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider's stock worth $41,247,000 after acquiring an additional 37,950 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of FedEx in the first quarter valued at about $147,000. 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.