FedEx (NYSE:FDX) Price Target Raised to $285.00

FedEx (NYSE:FDX) had its price target lifted by JPMorgan Chase & Co. from $274.00 to $285.00 in a research report sent to investors on Thursday morning,MarketScreener reports. JPMorgan Chase & Co. currently has a neutral rating on the shipping service provider’s stock.

Several other equities research analysts have also weighed in on FDX. Stephens reiterated an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Stifel Nicolaus raised their price target on FedEx from $296.00 to $297.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Citigroup boosted their price objective on FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $278.88.

FedEx Stock Performance

FDX stock opened at $273.78 on Thursday. The stock’s 50 day simple moving average is $253.58 and its 200 day simple moving average is $236.87. FedEx has a 12-month low of $194.29 and a 12-month high of $295.24. The firm has a market cap of $64.60 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.42 and a beta of 1.32. 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 released its 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts predict that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. FedEx’s dividend payout ratio is presently 33.86%.

Institutional Investors Weigh In On FedEx

Several institutional investors have recently bought and sold shares of FDX. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx during the 3rd quarter worth about $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx during the second quarter valued at approximately $28,000. Wealth Watch Advisors INC bought a new stake in FedEx during the third quarter worth approximately $28,000. NewSquare Capital LLC lifted its position in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Finally, Ameriflex Group Inc. boosted its stake in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.