FedEx (NYSE:FDX – Get Free Report)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday,MarketScreener reports.
Several other research firms have also weighed in on FDX. Raymond James Financial lifted their target price on FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada cut FedEx to a “sector perform” rating in a report on Wednesday, December 17th. Bank of America boosted their price objective on FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup raised their target price on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $397.38.
Read Our Latest Stock Report on FDX
FedEx Price Performance
FedEx (NYSE:FDX – Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $4.51 earnings per share. On average, analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FDX. Purpose Unlimited Inc. acquired a new position in shares of FedEx during the 4th quarter worth approximately $185,000. Nalls Sherbakoff Group LLC acquired a new position in FedEx during the fourth quarter worth $43,000. Larry Mathis Financial Planning LLC bought a new stake in FedEx during the fourth quarter worth $359,000. Green Ridge Wealth Planning LLC bought a new stake in FedEx during the fourth quarter worth $224,000. Finally, Corient Private Wealth LLC lifted its stake in FedEx by 14.8% in the fourth quarter. Corient Private Wealth LLC now owns 109,246 shares of the shipping service provider’s stock valued at $31,561,000 after acquiring an additional 14,086 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.
Key FedEx News
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: Tentative wage deal with pilots eases labor overhang — FedEx reached a preliminary agreement with the Air Line Pilots Association after years of talks, removing a major source of operational disruption and investor uncertainty (though wages may raise costs). FedEx reaches tentative wage deal with pilots after years of talks
- Positive Sentiment: FedEx Freight lays out strong standalone targets ahead of spinoff — management is targeting double-digit operating profit growth (10–12%), mid-single-digit revenue growth, and substantial free cash flow, which could unlock value once the unit lists as FDXF. FedEx Unveils Freight Spinoff Outlook With 10%–12% Profit Growth Target
- Positive Sentiment: Easing geopolitical risk supports global flows — reports that the U.S. and Iran agreed to a temporary ceasefire and the first vessels are moving through the Strait of Hormuz eased shipping concerns, a tailwind for freight/logistics names. Why FedEx (FDX) Stock Is Trading Up Today
- Neutral Sentiment: Analyst price-target tweak but rating intact — Wolfe Research trimmed its FedEx price target slightly while maintaining an outperform rating, a modest informational update rather than a directional change. Wolfe Research Adjusts FedEx Price Target
- Neutral Sentiment: FedEx sues law firm over alleged staged crash schemes — legal action aims to curb fraudulent injury suits that increase costs; in the near term it adds legal noise but could reduce future claims. FedEx sues law firm over alleged staged crashes
- Neutral Sentiment: Network 2.0 consolidation continues with local facility closures — FedEx will close 150+ sites (including Plattsburgh) as part of its network transformation; it’s execution of a strategic plan that may improve efficiency long-term while creating near-term disruption. FedEx to close Plattsburgh facility in June
- Negative Sentiment: Amazon–USPS deal poses competitive risk for e?commerce volume — a large Amazon partnership with USPS could divert parcel volume away from FedEx, pressuring long-term parcel growth. Amazon USPS Delivery Pact Poses New Questions For FedEx Investors
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.
Further Reading
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