Weiss Ratings Reaffirms "Hold (C)" Rating for FedEx (NYSE:FDX)

FedEx (NYSE:FDX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

FDX has been the subject of several other research reports. The Goldman Sachs Group lowered their price target on FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Truist Financial reissued a "buy" rating and issued a $275.00 price target on shares of FedEx in a research note on Wednesday, June 25th. Daiwa Capital Markets boosted their price target on FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, September 22nd. Wells Fargo & Company boosted their price target on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday, September 19th. Finally, Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.25.

FedEx Trading Down 1.0%

NYSE:FDX opened at $239.95 on Wednesday. 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 fifty-two week low of $194.29 and a fifty-two week high of $308.53. The stock's 50-day moving average is $230.34 and its two-hundred day moving average is $226.04. The stock has a market cap of $56.62 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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 for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The business's revenue for the quarter 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 forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FedEx

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDX. Brighton Jones LLC lifted its holdings in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after buying an additional 207 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of FedEx by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock worth $538,000 after buying an additional 481 shares during the last quarter. CX Institutional lifted its holdings in shares of FedEx by 29.4% during the first quarter. CX Institutional now owns 3,522 shares of the shipping service provider's stock worth $859,000 after buying an additional 800 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of FedEx by 6.1% during the first quarter. Simon Quick Advisors LLC now owns 1,100 shares of the shipping service provider's stock worth $268,000 after buying an additional 63 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of FedEx by 17.0% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,096 shares of the shipping service provider's stock worth $267,000 after buying an additional 159 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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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