FedEx (NYSE:FDX) Raised to Strong-Buy at Wall Street Zen

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

Other equities research analysts also recently issued reports about the company. Daiwa Capital Markets upped their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Wolfe Research reissued an “outperform” rating on shares of FedEx in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Finally, Jefferies Financial Group lifted their price target on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $302.65.

Get Our Latest Stock Analysis on FedEx

FedEx Price Performance

Shares of NYSE:FDX opened at $308.11 on Friday. The firm’s 50 day moving average is $284.56 and its two-hundred day moving average is $252.17. The firm has a market capitalization of $72.44 billion, a P/E ratio of 16.99, a PEG ratio of 1.55 and a beta of 1.35. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx has a 52 week low of $194.29 and a 52 week high of $318.83.

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

Hedge Funds Weigh In On FedEx

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC lifted its holdings in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new stake in FedEx during the second quarter valued at approximately $586,000. Focus Financial Network Inc. raised its stake in FedEx by 6.8% during the second quarter. Focus Financial Network Inc. now owns 2,224 shares of the shipping service provider’s stock worth $505,000 after acquiring an additional 142 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of FedEx by 6.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,019 shares of the shipping service provider’s stock valued at $7,051,000 after purchasing an additional 1,988 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Trending Headlines about FedEx

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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.

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Analyst Recommendations for FedEx (NYSE:FDX)

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