FedEx’s (FDX) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

FedEx (NYSE:FDX)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,MarketScreener reports.

FDX has been the topic of a number of other research reports. Sanford C. Bernstein boosted their target price on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Susquehanna boosted their price objective on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, September 19th. BMO Capital Markets decreased their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. HSBC increased their price objective on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, Raymond James Financial restated an “outperform” rating and set a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $276.08.

FedEx Trading Down 0.3%

Shares of NYSE:FDX traded down $0.87 during mid-day trading on Thursday, reaching $266.47. 43,900 shares of the company’s stock were exchanged, compared to its average volume of 1,958,335. The firm has a market capitalization of $62.88 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.50 and a beta of 1.31. FedEx has a twelve month low of $194.29 and a twelve month high of $308.53. The business’s fifty day moving average price is $240.62 and its 200-day moving average price is $231.24. 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 (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

Hedge Funds Weigh In On FedEx

Several large investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its stake in shares of FedEx by 24.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the period. Sivia Capital Partners LLC bought a new position in FedEx in the second quarter worth about $586,000. Sage Capital Advisors llc boosted its stake in FedEx by 136.5% in the second 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 in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in FedEx during the 2nd quarter valued at about $298,000. Finally, Value Partners Investments Inc. grew its position in FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after purchasing an additional 37,950 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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.