Stifel Nicolaus Cuts FedEx (NYSE:FDX) Price Target to $296.00

FedEx (NYSE:FDX) had its price objective cut by Stifel Nicolaus from $308.00 to $296.00 in a report released on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the shipping service provider’s stock.

A number of other equities research analysts have also weighed in on the company. Cowen restated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen reduced their price objective on FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th. Raymond James Financial restated an “outperform” rating and set a $260.00 price objective (down previously from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Bank of America reiterated a “neutral” rating and issued a $240.00 price target (down previously from $245.00) on shares of FedEx in a research report on Thursday, September 11th. Finally, Barclays reiterated an “overweight” rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $275.85.

FedEx Trading Up 2.5%

Shares of FDX stock opened at $232.10 on Wednesday. The firm has a market capitalization of $54.76 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.28 and a beta of 1.20. FedEx has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $228.84 and its 200 day simple moving average is $226.62.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.43% and a net margin of 4.65%.FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s dividend payout ratio is 34.36%.

Insider Buying and Selling

In other news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares of the company’s stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by company insiders.

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently modified their holdings of FDX. NewSquare Capital LLC raised its stake in shares of 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 last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx in the second quarter worth approximately $28,000. Abound Financial LLC purchased a new stake in shares of FedEx in the first quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new stake in shares of FedEx in the fourth quarter worth approximately $43,000. Finally, WPG Advisers LLC purchased a new stake in shares of FedEx in the first quarter worth approximately $43,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.