Weekly Research Analyst Ratings Updates for FedEx (FDX)

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

• 09/28/2024 – FedEx was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 09/23/2024 – FedEx had its price target lowered by analysts at Loop Capital from $317.00 to $288.00. They now have a “hold” rating on the stock.
• 09/20/2024 – FedEx was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $200.00 target price on the stock, down previously from $215.00.
• 9/20/2024 – FedEx had its price target lowered by analysts at Susquehanna from $345.00 to $330.00. They now have a “positive” rating on the stock.
• 09/20/2024 – FedEx had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $350.00 target price on the stock.
• 9/20/2024 – FedEx had its price target cut by analysts at JPMorgan Chase & Co. from $359.00 to $350.00. They now have an “overweight” rating on the stock.
• 9/20/2024 – FedEx had its price target raised by analysts at Bernstein Bank from $305.00 to $337.00. They now have an “overweight” rating on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at Evercore ISI from $335.00 to $318.00. They now have an “outperform” rating on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at Robert W. Baird from $340.00 to $320.00. They now have an “outperform” rating on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at BMO Capital Markets from $325.00 to $300.00. They now have a “market perform” rating on the stock.
• 9/20/2024 – FedEx was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 09/20/2024 – FedEx was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 09/20/2024 – FedEx was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $300.00 target price on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at Stifel Nicolaus from $327.00 to $321.00. They now have a “buy” rating on the stock.
• 09/20/2024 – FedEx had its price target lowered by analysts at UBS Group AG from $333.00 to $311.00. They now have a “buy” rating on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at Raymond James from $335.00 to $330.00. They now have a “buy” rating on the stock.
• 09/20/2024 – FedEx had its price target lowered by analysts at TD Cowen from $334.00 to $328.00. They now have a “buy” rating on the stock.
• 9/20/2024 – FedEx had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $333.00 to $332.00.
• 09/18/2024 – FedEx had its price target cut by analysts at Bank of America Co. from $347.00 to $345.00. They now have a “buy” rating on the stock.
• 09/13/2024 – FedEx had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $340.00 target price on the stock.
• 12/9/2024 – FedEx had its price target lowered by analysts at Evercore ISI from $339.00 to $335.00. They now have an “outperform” rating on the stock.
• 9/11/2024 – FedEx was downgraded by analysts at Daiwa America from a “moderate-buy” rating to a “hold” rating.
• 08/24/2024 – FedEx was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 08/22/2024 – FedEx is now covered by analysts at TD Cowen. They set a “buy” rating and a $334.00 price target on the stock.
• 08/16/2024 – FedEx was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 08/07/2024 – FedEx was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

FedEx Price Performance

Shares of NYSE FDX opened at $266.93 on Thursday. The stock’s 50-day simple moving average is $286.13, and its 200-day simple moving average is $275.85. The firm has a market cap of $65.69 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17. FedEx Co. it has a fifty-two week low of $224.69 and a fifty-two week high of $313.84. 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 (NYSE:FDX – Get Your Free Report ) last issued its quarterly earnings data on Thursday, September 19th. The shipping services provider reported $3.60 earnings per share 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 analysts’ expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company’s quarterly revenue was down 0.5% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $4.55. As a group, equities research analysts forecast that FedEx Co. will post 19.66 EPS for the current fiscal year.

FedEx announces dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were issued a $1.38 dividend. This represents an annualized dividend of $5.52 and a dividend yield of 2.07%. The ex-dividend date was Monday, September 9. FedEx’s payout ratio is currently 32.04%.

Insider activity at FedEx

In other FedEx news, Director Marvin R. Ellison sold 2,535 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $299.34, for a total value of $758,826.90. Following the completion of the sale, the director now owns 6,955 shares in the company, valued at $2,081,909.70. The sale was disclosed in a filing with the SEC, which is available at this link. In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the completion of the sale, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at approximately $3,797,974.44. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, Director Marvin R. Ellison sold 2,535 shares of FedEx stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $299.34, for a total value of $758,826.90. Following the completion of the transaction, the director now owns 6,955 shares in the company, valued at $2,081,909.70. The disclosure for this sale can be found here. Insiders sold a total of 12,914 shares of company stock worth $3,978,338 over the last three months. 8.73% of shares are currently owned by company insiders.

Hedge funds influence FedEx

A number of hedge funds and other institutional investors have recently bought and sold shares of FDX. Rafferty Asset Management LLC boosted its stake in shares of FedEx by 6.3% in the fourth quarter. Rafferty Asset Management LLC now owns 22,649 shares of the transportation services provider’s stock worth $5,730,000 after acquiring an additional 1,346 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in FedEx by 2.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 31,480 shares of the transportation services provider’s stock worth $7,963,000 after purchasing an additional 700 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in FedEx in the 4th quarter valued at approximately $411,000. Tower Research Capital LLC TRC grew its stake in FedEx by 61.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 25,199 shares of the transportation services provider’s stock worth $6,375,000 after which bought an additional 9,559 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of FedEx by 20.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,246 shares of the transportation services provider’s stock worth $7,398,000 after buying an additional 5,055 shares during the period. 84.47% of the shares are currently held by hedge funds and other institutional investors.

FedEx Corporation provides shipping, e-commerce and business services in the United States and internationally. It operates through the FedEx Express, FedEx Ground, FedEx Freight and FedEx Services segments. The FedEx Express segment provides expedited shipping, small package ground delivery and freight services; and time-critical transport services.

Further reading

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