FedEx (NYSE:FDX) Price Target Cut to $239.00 by Analysts at Evercore ISI

Key Points

• FedEx's target price was lowered by Evercore ISI from $243.00 to $239.00, indicating a potential upside of 5.41% based on the stock's previous close.
• Citi and TD Cowen both raised their price objectives for FedEx, indicating a positive outlook with ratings of "buy," while BMO Capital Markets decreased theirs.
• In its last earnings report, FedEx exceeded analyst expectations with earnings of $3.83 per share, up from $3.60 in the same quarter last year, alongside a revenue increase of 3.1% year-over-year.

FedEx (NYSE:FDX - Free Report) had its price target reduced by Evercore ISI from $243.00 to $239.00 in a report released on Friday morning,MarketScreener reports.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price target on shares of FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group upped their price target on shares of FedEx from $293.00 to $314.00 and gave the company a "buy" rating in a research report on Friday. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research report on Thursday, July 3rd. TD Cowen upped their price target on shares of FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research report on Friday. Finally, Daiwa Capital Markets boosted their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.67.

FedEx Price Performance

Shares of FDX traded down $1.35 during mid-day trading on Friday, hitting $230.40. The company's stock had a trading volume of 3,849,418 shares, compared to its average volume of 2,232,425. The firm has a 50-day moving average price of $228.77 and a 200 day moving average price of $226.13. The stock has a market capitalization of $54.36 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

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, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for 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 revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Insider Buying and Selling at FedEx

In other FedEx news, 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 value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock worth $2,228,816 over the last ninety days. 0.53% of the stock is currently owned by insiders.

Institutional Trading of FedEx

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after buying an additional 63 shares during the last quarter. Sage Capital Advisors llc lifted its stake in shares of FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock worth $7,887,000 after buying an additional 20,024 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter valued at $586,000. Value Partners Investments Inc. boosted its holdings in FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider's stock valued at $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, NBC Securities Inc. bought a new stake in FedEx in the 1st quarter valued at $147,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.