FedEx (NYSE:FDX) Receives "Neutral" Rating from JPMorgan Chase & Co.

Key Points

• FedEx's stock received a "neutral" rating from JPMorgan Chase & Co., with a revised price target of $274.00, down from $284.00.
• Despite mixed ratings from other analysts, FedEx's consensus rating remains a "Moderate Buy" with an average price target of $271.25.
• FedEx recently reported earnings that surpassed expectations, posting a $3.83 EPS for the quarter, alongside a revenue of $22.20 billion.

FedEx (NYSE:FDX - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $274.00 price objective on the shipping service provider's stock, down from their previous price objective of $284.00. JPMorgan Chase & Co.'s target price indicates a potential upside of 12.94% from the stock's current price.

Other research analysts also recently issued reports about the company. Evercore ISI reduced their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. UBS Group boosted their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. BMO Capital Markets dropped their price objective on shares of FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a research report on Friday, September 19th. The Goldman Sachs Group dropped their price objective on shares of FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Finally, Citigroup boosted their price objective on shares of FedEx from $275.00 to $279.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and an average price target of $271.25.

FedEx Stock Down 1.8%

Shares of FDX opened at $242.61 on Wednesday. The company has a market capitalization of $57.25 billion, a P/E ratio of 14.16, a PEG ratio of 1.37 and a beta of 1.28. 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 one year low of $194.29 and a one year high of $308.53. The business's 50 day simple moving average is $230.03 and its 200-day simple moving average is $225.94.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently made changes to their positions in FDX. WealthPlan Investment Management LLC increased its position in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider's stock worth $327,000 after purchasing an additional 44 shares during the period. L2 Asset Management LLC increased its position in FedEx by 4.9% in the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider's stock worth $224,000 after purchasing an additional 46 shares during the period. Stonebridge Capital Advisors LLC increased its position in FedEx by 4.1% in the second quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider's stock worth $264,000 after purchasing an additional 46 shares during the period. Aaron Wealth Advisors LLC increased its position in FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $457,000 after purchasing an additional 48 shares during the period. Finally, SouthState Corp increased its position in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock worth $349,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds 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.

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