FedEx (NYSE:FDX) Upgraded at Wall Street Zen

FedEx (NYSE:FDXGet Free Report) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other brokerages have also commented on FDX. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upped their target price on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Stephens lifted their price target on shares of FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Raymond James Financial upped their target price on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx has a consensus rating of “Hold” and a consensus target price of $302.65.

Read Our Latest Report on FDX

FedEx Stock Performance

NYSE:FDX opened at $308.11 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx has a twelve month low of $194.29 and a twelve month high of $318.83. The company has a fifty day moving average of $284.56 and a 200-day moving average of $251.96. The firm has a market capitalization of $72.44 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.57 and a beta of 1.35.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same period last year, the company posted $4.05 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, sell-side analysts anticipate that FedEx will post 19.14 EPS for the current year.

Hedge Funds Weigh In On FedEx

Several hedge funds have recently modified their holdings of FDX. Grey Fox Wealth Advisors LLC purchased a new stake in shares of FedEx during the third quarter valued at approximately $27,000. NewSquare Capital LLC increased its position in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter worth $28,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx during the 3rd quarter worth $28,000. Finally, Ameriflex Group Inc. boosted its holdings in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after buying an additional 63 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

About FedEx

(Get Free Report)

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.

Further Reading

Analyst Recommendations for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.