FedEx’s (FDX) Buy Rating Reiterated at Barclays

FedEx (NYSE:FDX)‘s stock had its “buy” rating reissued by investment analysts at Barclays in a research report issued on Friday,MarketScreener reports.

A number of other equities research analysts have also recently commented on the stock. Raymond James Financial increased their target price on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Bank of America upped their price objective on shares of FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, March 20th. UBS Group reiterated a “buy” rating on shares of FedEx in a report on Friday. Wolfe Research lowered their target price on FedEx from $427.00 to $423.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Rothschild & Co Redburn upped their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $399.65.

FedEx Stock Performance

NYSE FDX opened at $395.90 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $370.39 and its 200-day simple moving average is $332.38. The company has a market cap of $94.47 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. FedEx has a 1-year low of $214.35 and a 1-year high of $404.03.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.51 EPS. As a group, equities research analysts anticipate that FedEx will post 19.72 EPS for the current fiscal year.

Insider Activity

In related news, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares in the company, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the sale, the executive vice president directly owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,104 shares of company stock worth $17,599,006. Corporate insiders own 0.53% of the company’s stock.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in FedEx in the first quarter valued at about $25,000. Bayban acquired a new stake in shares of FedEx during the first quarter valued at about $26,000. Cedar Mountain Advisors LLC raised its stake in shares of FedEx by 77.4% in the 1st quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after acquiring an additional 41 shares during the period. EFG International AG purchased a new stake in shares of FedEx in the 4th quarter valued at approximately $27,000. Finally, Ulland Investment Advisors LLC acquired a new position in shares of FedEx in the 4th quarter worth approximately $29,000. 84.47% of the stock is owned by institutional investors and hedge funds.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx-led consortium’s approximately €7.8 billion ($9.1 billion) bid for Polish parcel locker company InPost is moving forward, with the tender offer set to open May 26 and run through July 27. The deal has board backing and already secured several regulatory approvals, which could expand FedEx’s international parcel network if completed. Article Title
• Positive Sentiment: Citigroup initiated coverage on FedEx with a buy rating and a $443 price target, reinforcing a constructive Wall Street view and suggesting further upside if execution remains strong.
• Neutral Sentiment: FedEx was also mentioned among major U.S. companies seeking tariff refunds, but this appears to be a broader policy-related filing rather than a company-specific catalyst.

FedEx Company Profile

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.