JPMorgan Chase & Co. Reaffirms “Neutral” Rating for FedEx (NYSE:FDX)

FedEx (NYSE:FDX)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research report issued on Thursday,MarketScreener reports.

Other equities research analysts also recently issued research reports about the company. Stephens reissued an “overweight” rating and issued a $260.00 target price on shares of FedEx in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a research note on Friday, October 31st. BMO Capital Markets dropped their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Daiwa Capital Markets boosted their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Finally, Wells Fargo & Company lifted their price target on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx Trading Down 0.3%

Shares of FDX stock traded down $0.87 on Thursday, hitting $266.47. The stock had a trading volume of 43,900 shares, compared to its average volume of 1,958,335. FedEx has a 1 year low of $194.29 and a 1 year high of $308.53. The company’s 50 day moving average price is $240.62 and its 200-day moving average price is $231.24. The firm has a market capitalization of $62.88 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently made changes to their positions in FDX. Grey Fox Wealth Advisors LLC bought a new position in FedEx during the 3rd quarter worth $27,000. NewSquare Capital LLC lifted its position in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the second quarter worth about $28,000. Wealth Watch Advisors INC bought a new position in FedEx in the 3rd quarter valued at about $28,000. Finally, Ameriflex Group Inc. raised its position in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

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.