FedEx (NYSE:FDX) Upgraded by Bank of America to “Buy” Rating

Bank of America upgraded shares of FedEx (NYSE:FDX) from a neutral rating to a buy rating in a report released on Friday, Marketbeat reports. The brokerage currently has $365.00 price target on the shipping service provider’s stock.

FDX has been the topic of a number of other reports. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Susquehanna cut their target price on FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Morgan Stanley increased their price target on shares of FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. Evercore ISI lifted their price objective on shares of FedEx from $275.00 to $288.00 in a research report on Friday, December 19th. Finally, Sanford C. Bernstein increased their target price on shares of FedEx from $250.00 to $306.00 and gave the company a “market perform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.16.

FedEx Trading Up 1.0%

NYSE:FDX opened at $312.18 on Friday. FedEx has a one year low of $194.29 and a one year high of $318.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market cap of $73.40 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.54 and a beta of 1.35. The firm has a 50-day simple moving average of $279.08 and a 200-day simple moving average of $248.99.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. FedEx’s dividend payout ratio is presently 31.97%.

Institutional Investors Weigh In On FedEx

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after acquiring an additional 2,741,723 shares during the period. Dodge & Cox raised its stake in shares of FedEx by 12.0% in the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. boosted its position in FedEx by 5.9% in the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after buying an additional 269,567 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

About FedEx

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.