FedEx (NYSE:FDX) Lowered to Neutral Rating by BNP Paribas Exane

FedEx (NYSE:FDX) was downgraded by equities research analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday,Finviz reports. They presently have a $280.00 price objective on the shipping service provider’s stock. BNP Paribas Exane’s target price would indicate a potential downside of 9.65% from the stock’s current price.

Several other research analysts have also issued reports on FDX. Bank of America upgraded FedEx from a “neutral” rating to a “buy” rating and set a $365.00 target price for the company in a research report on Friday. Jefferies Financial Group lifted their price target on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Stifel Nicolaus set a $328.00 price target on shares of FedEx in a report on Friday, December 19th. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a report on Friday, December 19th. Finally, Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $302.65.

FedEx Trading Down 0.8%

Shares of NYSE FDX opened at $309.91 on Tuesday. The company has a market cap of $72.87 billion, a PE ratio of 17.08, a P/E/G ratio of 1.56 and a beta of 1.35. FedEx has a 52-week low of $194.29 and a 52-week high of $318.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm’s 50 day moving average price is $280.26 and its 200-day moving average price is $249.96.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Investors Weigh In On FedEx

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after buying an additional 2,741,723 shares in the last quarter. Dodge & Cox boosted its position in FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after acquiring an additional 1,742,666 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FedEx by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. boosted its position in shares of FedEx by 5.9% in the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after acquiring an additional 269,567 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

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.