FedEx (NYSE:FDX) Price Target Raised to $265.00

by · The Cerbat Gem

FedEx (NYSE:FDX – Free Report) had its price target boosted by BMO Capital Markets from $255.00 to $265.00 in a research note released on Monday morning,MarketScreener reports. BMO Capital Markets currently has a market perform rating on the shipping service provider’s stock.

FDX has been the subject of a number of other reports. Bank of America upped their price objective on FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Stephens reissued an “overweight” rating and set a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Wednesday, November 26th. Finally, Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $276.54.

Check Out Our Latest Analysis on FedEx

FedEx Price Performance

Shares of NYSE:FDX opened at $270.18 on Monday. The company has a market cap of $63.75 billion, a PE ratio of 15.77, a P/E/G ratio of 1.40 and a beta of 1.32. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $295.24. The firm has a 50-day simple moving average of $252.11 and a 200 day simple moving average of $236.17. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX – Get Free Report) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, December 15th will be issued a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. FedEx’s dividend payout ratio (DPR) is 33.86%.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx during the 3rd quarter valued at $27,000. NewSquare Capital LLC lifted 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 buying an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in FedEx during the second quarter valued at about $28,000. Wealth Watch Advisors INC acquired a new position in FedEx during the third quarter worth about $28,000. Finally, Ameriflex Group Inc. grew its holdings in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

(Get Free Report)

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.

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