FedEx Corporation (NYSE:FDX) Receives Consensus Rating of “Moderate Buy” from Analysts

FedEx Corporation (NYSE:FDX) has earned a consensus rating of “Moderate Buy” from the thirty ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $350.5426.

Several brokerages recently commented on FDX. Deutsche Bank Aktiengesellschaft lowered shares of FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Rothschild & Co Redburn decreased their price objective on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Jefferies Financial Group assumed coverage on shares of FedEx in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price on the stock. Stephens upgraded shares of FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup assumed coverage on shares of FedEx in a research note on Wednesday. They issued an “outperform” rating on the stock.

FedEx Stock Down 1.6%

Shares of FDX opened at $313.17 on Friday. The firm has a market cap of $74.72 billion, a P/E ratio of 16.92, a PEG ratio of 1.95 and a beta of 1.29. FedEx has a 12 month low of $172.88 and a 12 month high of $345.36. The stock’s 50 day moving average is $342.12 and its two-hundred day moving average is $349.22. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, topping the consensus estimate of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The business had revenue of $25.01 billion during the quarter, compared to the consensus estimate of $24.04 billion. During the same period in the prior year, the company posted $6.07 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. Analysts predict that FedEx will post 17.6 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s dividend payout ratio is presently 26.36%.

Insider Activity

In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. The trade was a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDX. Norges Bank acquired a new stake in FedEx in the 4th quarter valued at about $859,085,000. Boston Partners acquired a new position in shares of FedEx during the 3rd quarter worth approximately $468,195,000. AQR Capital Management LLC grew its position in shares of FedEx by 169.2% in the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after purchasing an additional 1,718,278 shares in the last quarter. Waddell & Associates LLC grew its position in shares of FedEx by 164.0% in the fourth quarter. Waddell & Associates LLC now owns 1,188,140 shares of the shipping service provider’s stock valued at $343,206,000 after purchasing an additional 738,122 shares in the last quarter. Finally, Amundi increased its holdings in shares of FedEx by 181.9% in the first quarter. Amundi now owns 1,015,844 shares of the shipping service provider’s stock valued at $361,823,000 after purchasing an additional 655,504 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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.