FedEx (NYSE:FDX) Price Target Raised to $254.00 at Wolfe Research

FedEx (NYSE:FDX) had its price objective boosted by Wolfe Research from $244.00 to $254.00 in a report published on Friday,MarketScreener reports. The brokerage currently has an outperform rating on the shipping service provider’s stock.

A number of other brokerages have also weighed in on FDX. Bank of America lifted their price objective on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a research report on Friday. Cowen restated a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. The Goldman Sachs Group decreased their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $271.54.

FedEx Stock Performance

NYSE FDX traded down $4.00 on Friday, hitting $227.75. 638,875 shares of the company traded hands, compared to its average volume of 2,012,425. The company has a market capitalization of $53.74 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.34 and a beta of 1.20. The business’s 50 day moving average price is $228.84 and its 200-day moving average price is $226.29. FedEx has a 52-week low of $194.29 and a 52-week high of $308.53. 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 (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion for 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts expect that FedEx will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Insider Activity at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director directly owned 15,513 shares of the company’s stock, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 over the last 90 days. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FedEx

Several hedge funds have recently bought and sold shares of FDX. NewSquare Capital LLC grew its holdings in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in FedEx during the second quarter valued at about $28,000. Abound Financial LLC acquired a new stake in shares of FedEx in the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in FedEx during the 4th quarter worth $43,000. Finally, WPG Advisers LLC bought a new stake in FedEx in the 1st quarter valued at $43,000. 84.47% of the stock is 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.