Weekly Analysts’ Ratings Updates for FedEx (FDX)

FedEx (NYSE: FDX) recently received a number of ratings updates from brokerages and research firms:

• 12/3/2024 – FedEx had its price target raised by analysts at JPMorgan Chase & Co. from $350.00 to $366.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – FedEx was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $316.00 price target on the stock, down previously from $337.00.
• 12/3/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/13/2024 – FedEx had its price target raised by analysts at Barclays PLC from $350.00 to $365.00. They now have an “overweight” rating on the stock.
• 11/13/2024 – FedEx was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/12/2024 – FedEx had its price target raised by analysts at Citigroup Inc. from $301.00 to $331.00. They now have a “buy” rating on the stock.
• 11/5/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/21/2024 – FedEx was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/9/2024 – FedEx is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $301.00 price target on the stock.
• 10/6/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

FedEx Stock Performance

FDX opened at $282.85 on Wednesday. The stock has a 50-day moving average of $278.90 and a 200-day moving average of $279.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a market cap of $69.11 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business earned $4.55 EPS. As a group, equities research analysts forecast that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

Hedge Funds Weigh In On FedEx

A number of institutional investors have recently made changes to their positions in FDX. Evermay Wealth Management LLC boosted its position in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Highline Wealth Partners LLC acquired a new stake in FedEx in the 3rd quarter worth $31,000. Central Valley Advisors LLC bought a new position in shares of FedEx during the 2nd quarter worth about $39,000. Abound Wealth Management raised its position in shares of FedEx by 175.9% during the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares during the last quarter. Finally, Sachetta LLC lifted its stake in shares of FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after buying an additional 37 shares during the period. 84.47% of the stock is currently owned by institutional investors.

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.