Wall Street Zen Upgrades FedEx (NYSE:FDX) to "Buy"

Key Points

• Wall Street Zen upgraded FedEx from a "hold" rating to a "buy" rating, reflecting growing confidence in the company's performance.
• FedEx reported $3.83 EPS for the quarter, exceeding analyst estimates of $3.71, with quarterly revenue up 3.1% year-over-year to $22.20 billion.
• The consensus rating for FedEx is "Moderate Buy," with a consensus price target of $271.25, as rated by multiple investment analysts.

FedEx (NYSE:FDX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

FDX has been the topic of a number of other reports. The Goldman Sachs Group reduced their target price on shares of FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Wolfe Research increased their target price on shares of FedEx from $244.00 to $254.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. Truist Financial reissued a "buy" rating and issued a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Jefferies Financial Group increased their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $271.25.

FedEx Price Performance

FedEx stock opened at $225.14 on Friday. The firm has a market cap of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. FedEx has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company's 50 day moving average is $230.78 and its two-hundred day moving average is $225.76.

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, topping analysts' consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. NewSquare Capital LLC boosted its stake in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider's stock worth $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the 2nd quarter worth $28,000. Abound Financial LLC acquired a new stake in FedEx during the 1st quarter worth $38,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.

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