FedEx (NYSE:FDX) Price Target Raised to $374.00

FedEx (NYSE:FDX) had its target price boosted by Citigroup from $373.00 to $374.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the shipping service provider’s stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of FedEx from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 29th. Bank of America lowered their target price on shares of FedEx from $378.00 to $359.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Evercore upped their target price on shares of FedEx from $350.00 to $351.00 in a research report on Monday, September 28th. Raymond James Financial reissued an “outperform” rating on shares of FedEx in a research note on Thursday, October 15th. Finally, Sanford C. Bernstein set a $377.00 price target on FedEx in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $359.16.

FedEx Price Performance

Shares of FDX stock opened at $329.47 on Monday. FedEx has a 1 year low of $200.20 and a 1 year high of $345.36. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $303.77 and its 200-day moving average is $337.29. The firm has a market capitalization of $77.16 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.28 and a beta of 1.27.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.40. The business had revenue of $22.93 billion during the quarter, compared to analyst estimates of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 15.53%. FedEx’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Sell-side analysts forecast that FedEx will post 18.29 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s payout ratio is currently 30.01%.

Insider Activity at FedEx

In other FedEx news, EVP Gina Adams sold 3,014 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the sale, the executive vice president directly owned 9,656 shares in the company, valued at approximately $3,061,531.36. This trade represents a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tracy Brightman sold 26,611 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the completion of the sale, the executive vice president owned 12,245 shares in the company, valued at approximately $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of FedEx

A number of large investors have recently made changes to their positions in the company. 626 Financial LLC increased its stake in FedEx by 12.9% in the 3rd quarter. 626 Financial LLC now owns 1,150 shares of the shipping service provider’s stock valued at $328,000 after buying an additional 131 shares during the last quarter. Lido Advisors LLC lifted its position in shares of FedEx by 9.2% during the 3rd quarter. Lido Advisors LLC now owns 33,595 shares of the shipping service provider’s stock worth $9,578,000 after buying an additional 2,825 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of FedEx by 4.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,242 shares of the shipping service provider’s stock worth $639,000 after buying an additional 95 shares in the last quarter. Csenge Advisory Group boosted its stake in shares of FedEx by 17.5% in the 3rd quarter. Csenge Advisory Group now owns 2,581 shares of the shipping service provider’s stock worth $736,000 after buying an additional 384 shares during the last quarter. Finally, Cassia Capital Partners LLC boosted its stake in shares of FedEx by 0.8% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,664 shares of the shipping service provider’s stock worth $1,330,000 after buying an additional 39 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Jim Cramer praised FedEx’s rebound, calling its move “very nice,” adding a favorable public endorsement. Jim Cramer Recommends FedEx
• Positive Sentiment: Citigroup reportedly sees potential for significant appreciation in FDX, reinforcing the positive analyst outlook. Citigroup Forecasts Strong Price Appreciation for FedEx
• Positive Sentiment: FedEx says dedicated logistics teams have helped win contracts serving aerospace and automotive customers, including shipments of aircraft engines and auto parts. Those specialized, potentially higher-value services could support growth beyond traditional parcel delivery. FedEx uses dedicated logistics teams to win aerospace, automotive business
• Positive Sentiment: A report says FedEx’s customer base is shifting and its latest quarter indicates the strategy is working. Separately, its latest results beat estimates: earnings were $3.74 per share versus a $3.34 consensus, while revenue reached $22.93 billion. FedEx CEO is seeing a shift in its customer base
• Positive Sentiment: FedEx plans to extend its Network 2.0 integration to Los Angeles and other markets after completing it in locations including Dallas and San Francisco. The restructuring could improve network efficiency, though the rollout continues into 2027. FedEx Network 2.0 headed to Los Angeles, other markets post-holidays
• Neutral Sentiment: FedEx gained but underperformed some competitors, suggesting its move was not as strong as peers’. FedEx Corp. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her direct holdings by about 24%. Insider sales can weigh on sentiment, although the transaction alone does not establish a negative outlook. FedEx insider Gina Adams sells 3,014 shares

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.