FedEx Corporation (NYSE:FDX) Receives $271.83 Consensus PT from Brokerages

Shares of FedEx Corporation (NYSE:FDX) have been given an average recommendation of “Moderate Buy” by the twenty-eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $271.8333.

A number of research analysts have recently commented on FDX shares. Truist Financial set a $285.00 price target on FedEx in a research report on Tuesday, October 14th. Bank of America boosted their price objective on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Citigroup boosted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets decreased their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Finally, Wells Fargo & Company boosted their price objective on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th.

FedEx Stock Up 0.7%

FDX stock opened at $238.55 on Friday. The stock’s fifty day simple moving average is $231.90 and its two-hundred day simple moving average is $225.54. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market cap of $56.29 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping 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 business 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 firm earned $3.60 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is presently 33.86%.

Hedge Funds Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. increased its stake in FedEx by 12.5% in the 3rd quarter. HM Payson & Co. now owns 1,590 shares of the shipping service provider’s stock worth $375,000 after acquiring an additional 177 shares during the last quarter. Encompass More Asset Management bought a new position in FedEx in the 3rd quarter worth about $2,354,000. Perigon Wealth Management LLC increased its stake in FedEx by 64.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 5,858 shares of the shipping service provider’s stock worth $1,381,000 after acquiring an additional 2,300 shares during the last quarter. Apella Capital LLC increased its stake in FedEx by 2.7% in the 3rd quarter. Apella Capital LLC now owns 4,882 shares of the shipping service provider’s stock worth $1,157,000 after acquiring an additional 128 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in FedEx by 16.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,219 shares of the shipping service provider’s stock worth $759,000 after acquiring an additional 450 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

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.