FedEx (NYSE:FDX) Given New $300.00 Price Target at Susquehanna

Key Points

• Susquehanna has raised its price target for FedEx from $285.00 to $300.00, indicating a potential upside of 29.14% from the stock's previous close.
• FedEx reported quarterly earnings of $3.83 per share, exceeding estimates, with annual revenue increasing by 3.1% year-over-year.
• Insider trading activity showed significant sales by board members, with shares totaling $2.2 million sold in the last 90 days.

FedEx (NYSE:FDX - Free Report) had its target price boosted by Susquehanna from $285.00 to $300.00 in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have a positive rating on the shipping service provider's stock.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 21st. The Goldman Sachs Group decreased 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. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $271.67.

FedEx Stock Performance

Shares of FedEx stock traded up $4.94 during trading on Friday, reaching $235.06. The company's stock had a trading volume of 987,096 shares, compared to its average volume of 2,025,094. The firm has a market cap of $55.46 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The business's fifty day moving average price is $228.77 and its 200-day moving average price is $226.13. 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.

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

FedEx Announces Dividend

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

Insiders Place Their Bets

In other FedEx news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction 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 owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC boosted its stake in shares of FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after purchasing an additional 63 shares during the last quarter. Sage Capital Advisors llc raised its position in shares of FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock valued at $7,887,000 after acquiring an additional 20,024 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of FedEx during the 2nd quarter valued at $586,000. Value Partners Investments Inc. raised its position in shares of FedEx by 26.4% during 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 acquiring an additional 37,950 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of FedEx during the 1st quarter valued at $147,000. Institutional investors own 84.47% of the company's stock.

FedEx Company Profile

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.