FedEx (NYSE:FDX) Price Target Raised to $305.00

FedEx (NYSE:FDX) had its target price lifted by Raymond James Financial from $255.00 to $305.00 in a research note released on Monday,MarketScreener reports. They currently have an outperform rating on the shipping service provider’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus set a $328.00 price objective on shares of FedEx in a research note on Friday, December 19th. BMO Capital Markets boosted their price objective on shares of FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. raised their target price on FedEx from $285.00 to $294.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Barclays increased their target price on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $298.92.

FedEx Trading Up 0.1%

FedEx stock opened at $295.55 on Monday. The firm has a market capitalization of $69.49 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.47 and a beta of 1.32. The company has a 50 day moving average price of $266.01 and a 200 day moving average price of $242.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx has a 52 week low of $194.29 and a 52 week high of $296.10.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s payout ratio is currently 31.97%.

Institutional Investors Weigh In On FedEx

A number of hedge funds have recently modified their holdings of the business. Grey Fox Wealth Advisors LLC acquired a new position in FedEx in the 3rd quarter worth $27,000. NewSquare Capital LLC increased its holdings 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 valued at $28,000 after purchasing an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the second quarter worth approximately $28,000. Wealth Watch Advisors INC bought a new stake in FedEx in the 3rd quarter valued at $28,000. Finally, Ameriflex Group Inc. grew its stake in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

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.