Evercore Has Lowered Expectations for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its target price cut by equities researchers at Evercore from $390.00 to $355.00 in a research report issued on Thursday,MarketScreener reports. Evercore’s target price points to a potential upside of 7.96% from the stock’s current price.

Several other equities research analysts also recently issued reports on FDX. Raymond James Financial initiated coverage on FedEx in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective on the stock. Wolfe Research dropped their target price on FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. The Goldman Sachs Group cut their price target on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Stifel Nicolaus increased their price target on shares of FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Finally, Seaport Research Partners initiated coverage on shares of FedEx in a research note on Wednesday, May 27th. They issued a “buy” rating for the company. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $369.53.

FedEx Stock Up 0.9%

Shares of NYSE FDX opened at $328.82 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $370.19 and its two-hundred day moving average is $344.40. FedEx has a 52-week low of $172.88 and a 52-week high of $345.36. The firm has a market cap of $78.46 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.53 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same period last year, the business posted $4.51 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts predict that FedEx will post 19.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the sale, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This represents a 30.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FedEx

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of FedEx during the first quarter worth $25,000. Bayban acquired a new stake in FedEx in the first quarter valued at $26,000. EFG International AG acquired a new stake in FedEx in the fourth quarter valued at $27,000. Wealth Watch Advisors INC purchased a new stake in FedEx during the 3rd quarter worth about $28,000. Finally, Ameriflex Group Inc. boosted its position in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx has catalysts that could support a better-than-expected Q4 print, including cost cuts, AI-driven efficiency gains, and a view from some analysts that the company may beat earnings estimates. FedEx to Report Q4 Earnings: Should You Buy, Sell or Hold the Stock?
• Positive Sentiment: FedEx also announced a China Southern Air Logistics partnership that could strengthen its air cargo network and improve its Asia-to-U.S. shipping routes. FedEx inks MOU with China-based airline to boost air cargo network
• Neutral Sentiment: FedEx remains a market focus because earnings are due June 23, and analysts are parsing key operating metrics beyond the headline EPS and revenue figures. Wall Street’s Insights Into Key Metrics Ahead of FedEx (FDX) Q4 Earnings
• Neutral Sentiment: Options activity suggests elevated volatility ahead of earnings, with FedEx’s implied volatility running high and traders exploring strategies such as bear call spreads. Bear Call Spread Ideas for FedEx Earnings Next Week
• Negative Sentiment: The stock has recently fallen more than the broader market, reflecting caution ahead of earnings and concerns that expectations may be difficult to meet. FedEx (FDX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Analysts are flagging earnings declines and tariff uncertainty as headwinds, which may be weighing on shares despite FedEx’s operational improvements. FedEx to Report Q4 Earnings: Should You Buy, Sell or Hold the 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.