HSBC Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

Key Points

• HSBC has raised its target price for FedEx stock from $230.00 to $235.00, signaling a potential upside of 3.64% from its previous close.
• Other analysts have varied perspectives on FedEx, with Susquehanna increasing its price target significantly to $300.00, while Wall Street Zen downgraded it to a "hold" rating.
• FedEx reported a quarterly EPS of $3.83, surpassing expectations of $3.71, with revenue also exceeding analyst estimates at $22.20 billion.

FedEx (NYSE:FDX - Free Report) had its price objective increased by HSBC from $230.00 to $235.00 in a report issued on Friday morning,MarketScreener reports.

Several other research analysts have also weighed in on FDX. JPMorgan Chase & Co. lowered their target price on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating on the stock in a research report on Friday. Raymond James Financial restated an "outperform" rating and set a $255.00 target price on shares of FedEx in a research report on Thursday. Barclays restated an "overweight" rating and set a $320.00 target price (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen increased 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, Evercore ISI reiterated an "in-line" rating and issued a $243.00 price target (down from $249.00) on shares of FedEx in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.67.

FedEx Price Performance

FDX traded down $1.35 on Friday, hitting $230.40. 3,849,418 shares of the company were exchanged, 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. The business's fifty day moving average is $228.77 and its 200 day moving average is $226.13. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The firm has a market capitalization of $54.36 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.

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 the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the business posted $3.60 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's dividend payout ratio is presently 33.86%.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the company's 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 transaction, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On FedEx

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider's stock worth $4,705,391,000 after purchasing an additional 211,165 shares during the period. Dodge & Cox raised its stake in FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider's stock worth $3,292,016,000 after purchasing an additional 649,426 shares during the period. Geode Capital Management LLC raised its stake in FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider's stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. raised its stake in FedEx by 2.1% during the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider's stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in shares of 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 period. 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.