FedEx (NYSE:FDX) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of FedEx (NYSE:FDX) from a hold rating to a buy rating in a report issued on Sunday morning.

A number of other research analysts have also issued reports on FDX. Wolfe Research boosted their price objective on FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Evercore ISI reduced their price target on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Jefferies Financial Group boosted their price target on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Barclays reiterated an “overweight” rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, UBS Group boosted their price target on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.08.

FedEx Trading Down 5.0%

NYSE:FDX opened at $225.14 on Friday. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market capitalization of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The business has a 50 day simple moving average of $230.78 and a 200 day simple moving average of $225.64.

FedEx (NYSE:FDX) last released its quarterly earnings data 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the firm posted $3.60 EPS. The business’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. Equities research analysts predict that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx’s dividend payout ratio is 33.86%.

Institutional Trading of FedEx

Institutional investors have recently modified their holdings of the company. WealthPlan Investment Management LLC grew its position in shares of FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after acquiring an additional 44 shares during the last quarter. L2 Asset Management LLC grew its position in shares of FedEx by 4.9% during the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after acquiring an additional 46 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in shares of FedEx by 4.1% during the second quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock worth $264,000 after acquiring an additional 46 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 48 shares during the last quarter. Finally, SouthState Corp grew its position in shares of FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds 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.