Recent Research Analysts’ Ratings Changes for FedEx (FDX)

A number of research firms have changed their ratings and price targets for FedEx (NYSE: FDX):

• 12/20/2024 – FedEx had its price target lowered by analysts at Stephens from $350.00 to $345.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at JPMorgan Chase & Co. from $366.00 to $370.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at Raymond James from $305.00 to $320.00. They now have an “outperform” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at BMO Capital Markets from $300.00 to $330.00. They now have a “market perform” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at Wells Fargo & Company from $305.00 to $320.00. They now have an “equal weight” rating on the stock.
• 12/20/2024 – FedEx was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/20/2024 – FedEx had its price target raised by analysts at Bank of America Co. from $325.00 to $348.00. They now have a “buy” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at Stifel Nicolaus from $321.00 to $368.00. They now have a “buy” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at UBS Group AG from $311.00 to $350.00. They now have a “buy” rating on the stock.
• 12/20/2024 – FedEx had its price target raised by analysts at TD Cowen from $328.00 to $337.00. They now have a “buy” rating on the stock.
• 12/20/2024 – FedEx was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $365.00 price target on the stock, up previously from $288.00.
• 12/3/2024 – FedEx had its price target raised by analysts at JPMorgan Chase & Co. from $350.00 to $366.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – FedEx was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $316.00 price target on the stock, down previously from $337.00.
• 12/3/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/13/2024 – FedEx had its price target raised by analysts at Barclays PLC from $350.00 to $365.00. They now have an “overweight” rating on the stock.
• 11/13/2024 – FedEx was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/12/2024 – FedEx had its price target raised by analysts at Citigroup Inc. from $301.00 to $331.00. They now have a “buy” rating on the stock.
• 11/5/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

FedEx Stock Performance

Shares of FDX traded up $2.83 during mid-day trading on Tuesday, reaching $271.84. 1,011,851 shares of the company’s stock were exchanged, compared to its average volume of 1,823,713. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a market capitalization of $66.42 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The business’s fifty day simple moving average is $282.74 and its 200-day simple moving average is $282.47.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.99 earnings per share. On average, equities research analysts expect that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.03%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FDX. Signature Estate & Investment Advisors LLC acquired a new position in FedEx during the 2nd quarter worth $496,000. Atomi Financial Group Inc. boosted its position in FedEx by 26.1% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,064 shares of the shipping service provider’s stock worth $319,000 after acquiring an additional 220 shares during the period. Checchi Capital Advisers LLC increased its stake in FedEx by 6.3% in the 2nd quarter. Checchi Capital Advisers LLC now owns 1,763 shares of the shipping service provider’s stock valued at $529,000 after buying an additional 104 shares during the period. Conning Inc. raised its holdings in shares of FedEx by 5.5% during the second quarter. Conning Inc. now owns 1,772 shares of the shipping service provider’s stock worth $531,000 after acquiring an additional 92 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in FedEx by 2.8% in the second quarter. HB Wealth Management LLC now owns 23,863 shares of the shipping service provider’s stock worth $7,155,000 after buying an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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.