FedEx (NYSE:FDX) Downgraded by Rothschild & Co Redburn to “Neutral”

FedEx (NYSE:FDX) was downgraded by equities researchers at Rothschild & Co Redburn from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $271.00 target price on the shipping service provider’s stock. Rothschild & Co Redburn’s target price would suggest a potential downside of 10.93% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. TD Cowen raised their price target on FedEx from $271.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Evercore ISI raised their price objective on shares of FedEx from $275.00 to $288.00 in a research report on Friday, December 19th. Sanford C. Bernstein boosted their target price on shares of FedEx from $250.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Raymond James Financial increased their price target on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Finally, Redburn Partners set a $271.00 price objective on shares of FedEx in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $303.03.

FedEx Stock Performance

Shares of FDX opened at $304.25 on Wednesday. The firm has a market capitalization of $71.54 billion, a PE ratio of 16.77, a P/E/G ratio of 1.55 and a beta of 1.35. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $286.29 and a 200 day moving average price of $253.07. FedEx has a 52-week low of $194.29 and a 52-week high of $318.83.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the prior year, the firm posted $4.05 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, sell-side analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC grew its position in FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC bought a new position in FedEx in the 2nd quarter worth about $586,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of FedEx by 2.8% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,442 shares of the shipping service provider’s stock valued at $782,000 after acquiring an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of FedEx by 39.5% in the second quarter. GAMMA Investing LLC now owns 3,121 shares of the shipping service provider’s stock worth $709,000 after purchasing an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.