FedEx (NYSE:FDX) Price Target Raised to $322.00

FedEx (NYSE:FDX) had its target price increased by Wolfe Research from $298.00 to $322.00 in a research report report published on Monday morning,MarketScreener reports. The brokerage currently has an outperform rating on the shipping service provider’s stock.

Several other brokerages also recently issued reports on FDX. HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Daiwa Capital Markets upped their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Sanford C. Bernstein lifted their price objective on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Bank of America increased their target price on shares of FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $281.79.

FedEx Price Performance

FDX opened at $284.02 on Monday. The stock has a market cap of $67.02 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.42 and a beta of 1.32. FedEx has a 12 month low of $194.29 and a 12 month high of $295.24. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $256.06 and a 200 day simple moving average of $238.15.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is currently 33.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BHK Investment Advisors LLC grew its position in shares of FedEx by 1.4% in the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after purchasing an additional 41 shares during the last quarter. Probity Advisors Inc. boosted its stake in FedEx by 2.2% in the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after purchasing an additional 43 shares during the period. Quadrant Capital Group LLC grew its holdings in FedEx by 0.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock valued at $1,859,000 after buying an additional 43 shares in the last quarter. WealthPlan Investment Management LLC increased its position in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the period. Finally, Joel Isaacson & Co. LLC increased its position in FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.