Susquehanna Cuts FedEx (NYSE:FDX) Price Target to $340.00

FedEx (NYSE:FDX) had its target price trimmed by Susquehanna from $345.00 to $340.00 in a research report report published on Tuesday morning,MarketScreener reports.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. UBS Group lifted their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Morgan Stanley increased their price objective on shares of FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. BMO Capital Markets raised their target price on shares of FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Finally, Citigroup boosted their target price on shares of FedEx from $310.00 to $327.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.92.

FedEx Price Performance

Shares of NYSE FDX opened at $295.55 on Tuesday. The firm has a market cap of $69.49 billion, a P/E ratio of 16.29, a PEG ratio of 1.47 and a beta of 1.32. FedEx has a twelve month low of $194.29 and a twelve month high of $296.10. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $267.18 and a 200 day moving average of $243.35.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter last year, the company earned $4.05 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. FedEx’s payout ratio is presently 31.97%.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC raised its stake in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. Vanguard Group Inc. increased its holdings in FedEx by 13.2% in 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 acquiring an additional 2,741,723 shares in the last quarter. Norges Bank bought a new stake in FedEx during the 2nd quarter worth approximately $605,497,000. Boston Partners purchased a new position in FedEx during the third quarter valued at approximately $468,195,000. Finally, Dodge & Cox boosted its position in shares of FedEx by 12.0% in the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional 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.