FedEx Corporation (NYSE:FDX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of FedEx Corporation (NYSE:FDX) have been given a consensus rating of “Moderate Buy” by the twenty-nine research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $358.1404.

A number of equities analysts have issued reports on FDX shares. Argus raised their target price on FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Citigroup assumed coverage on FedEx in a report on Thursday, May 21st. They set a “buy” rating and a $443.00 price objective on the stock. Bank of America cut their price objective on FedEx from $440.00 to $376.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Truist Financial set a $155.00 price objective on FedEx in a report on Tuesday, June 2nd. Finally, Rothschild & Co Redburn cut their price objective on FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd.

Insiders Place Their Bets

In other news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On FedEx

A number of hedge funds and other institutional investors have recently bought and sold shares of FDX. Brighton Jones LLC raised its position in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the last quarter. Empowered Funds LLC raised its position in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in FedEx in the 2nd quarter valued at approximately $586,000. Quantbot Technologies LP acquired a new stake in FedEx in the 2nd quarter valued at approximately $186,000. Finally, Jump Financial LLC acquired a new stake in FedEx in the 2nd quarter valued at approximately $456,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FDX opened at $319.06 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. FedEx has a 1 year low of $172.88 and a 1 year high of $345.36. The stock has a market cap of $76.13 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The stock’s 50-day moving average price is $366.57 and its two-hundred day moving average price is $345.88.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $25.01 billion for the quarter, compared to analysts’ expectations of $24.04 billion. During the same quarter last year, the business earned $6.07 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. On average, equities analysts predict that FedEx will post 19.78 earnings per share for the current year.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s payout ratio is 25.97%.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx beat fiscal Q4 earnings and revenue estimates, with EPS of $6.31 to $6.60 and revenue around $25.0 billion, helped by stronger package yields and volume. FedEx Reports Strong Fourth Quarter and Full-Year Results
• Positive Sentiment: Operating cash flow improved sharply, suggesting better cash generation and supporting the company’s cost-cutting and post-spin-off restructuring plan. FedEx Revenue Rises on Growth in Package Yields, Volume
• Neutral Sentiment: Management said the growth strategy is working and highlighted the impact of the FedEx Freight spin-off on network optimization and cost reductions. FedEx posts strong earnings results in last quarter with freight business
• Negative Sentiment: Despite the quarterly beat, shares fell because fiscal 2027 EPS guidance of $16.90 to $18.10 came in below Wall Street expectations, raising concern that profit growth may slow. FedEx shares drop on weak profit forecast as Q4 results top estimates
• Negative Sentiment: FedEx also traded against a broader risk-off market backdrop, with tech weakness and weaker futures adding pressure to sentiment around the stock. Dow Jones Futures: Nasdaq Breaks Support; FedEx, Cerebras Tumble Late With Micron Due

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.