FedEx (NYSE:FDX) Price Target Raised to $300.00 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 price target raised by Susquehanna from $285.00 to $300.00 in a report issued on Friday morning, MarketBeat.com reports. The firm currently has a positive rating on the shipping service provider's stock.

Several other research analysts have also recently weighed in on the stock. Dbs Bank upgraded shares of FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Wells Fargo & Company raised their price objective on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday. Cowen restated a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Stifel Nicolaus decreased their target price on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Finally, BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $271.67.

FedEx Stock Down 0.6%

Shares of FDX stock traded down $1.35 during trading on Friday, reaching $230.40. The company's stock had a trading volume of 3,848,832 shares, compared to its average volume of 2,031,082. The company has a market cap of $54.36 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. FedEx has a one year low of $194.29 and a one year high of $308.53. The business has a fifty day moving average price of $228.84 and a 200-day moving average price of $226.29. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be given a dividend of $1.45 per share. 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 dividend payout ratio (DPR) is presently 33.86%.

Insider Activity at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company's stock.

Institutional Trading of FedEx

A number of institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its holdings in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Norges Bank purchased a new position in FedEx in the second quarter valued at about $605,497,000. Nuveen LLC purchased a new position in shares of FedEx in the first quarter valued at $314,650,000. AQR Capital Management LLC increased its position in shares of FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider's stock worth $230,862,000 after acquiring an additional 896,271 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares during the last quarter. 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.