FedEx (NYSE:FDX) Given New $330.00 Price Target at Raymond James Financial

FedEx (NYSE:FDX) had its target price cut by investment analysts at Raymond James Financial from $415.00 to $330.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the shipping service provider’s stock. Raymond James Financial’s price target points to a potential upside of 5.73% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Stifel Nicolaus set a $442.00 price target on shares of FedEx in a research report on Monday. BMO Capital Markets decreased their price objective on shares of FedEx from $410.00 to $340.00 and set a “market perform” rating for the company in a report on Monday, June 1st. UBS Group reaffirmed a “buy” rating and issued a $350.00 price objective (down from $445.00) on shares of FedEx in a research report on Wednesday. Finally, Wells Fargo & Company cut their target price on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.87.

FedEx Stock Down 1.6%

Shares of NYSE:FDX opened at $312.11 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. The stock has a fifty day simple moving average of $366.57 and a two-hundred day simple moving average of $345.88. FedEx has a 12-month low of $172.88 and a 12-month high of $345.36. The stock has a market capitalization of $74.47 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.49 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $24.04 billion. During the same quarter in the previous year, the firm earned $6.07 EPS. FedEx’s quarterly 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, research analysts anticipate that FedEx will post 19.78 earnings per share for the current fiscal year.

Insider Activity at FedEx

In other FedEx news, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the sale, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president directly owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FDX. Hollencrest Capital Management purchased a new stake in shares of FedEx during the 1st quarter valued at about $25,000. Bayban purchased a new position in shares of FedEx in the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC grew its position in FedEx by 77.4% during the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 41 shares during the period. EFG International AG bought a new stake in FedEx during the fourth quarter valued at approximately $27,000. Finally, Ulland Investment Advisors LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx posted a strong fiscal Q4 with revenue and EPS ahead of estimates, supported by higher package volumes and improved cash generation. FedEx Reports Strong Fourth Quarter and Full-Year Results
• Positive Sentiment: Management said its premium parcel strategy, cost cuts, and network optimization are helping improve the business after the FedEx Freight spinoff. FedEx Revenue Rises on Growth in Package Yields, Volume
• Neutral Sentiment: Analysts continue to view FedEx as fairly valued to moderately positive on longer-term fundamentals, though estimates vary widely. FDX Fairly Valued by DCF at $249
• Neutral Sentiment: Several notes framed the quarter as a transition period after the freight spinoff, with investors waiting to see how the standalone parcel business performs. FedEx posts strong earnings results in last quarter with freight business
• Negative Sentiment: FedEx shares are falling because its fiscal 2027 EPS guidance came in below expectations, raising concerns about earnings growth ahead. FedEx shares drop on weak profit forecast as Q4 results top estimates
• Negative Sentiment: Investors are also worried that FedEx’s adjusted operating margin declined, suggesting profitability pressure in the core delivery business after the freight spinoff. FedEx drops on margin hit as investors gauge freight spin-off fortunes

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.