FedEx (NYSE:FDX) Upgraded to Strong-Buy at Argus

FedEx (NYSE:FDX) was upgraded by stock analysts at Argus to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on FDX. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a report on Tuesday. Truist Financial lifted their target price on FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of FedEx in a report on Friday, December 19th. Finally, Rothschild & Co Redburn downgraded shares of FedEx from a “buy” rating to a “neutral” rating and set a $271.00 target price on the stock. in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $303.86.

FedEx Stock Performance

Shares of NYSE:FDX opened at $306.92 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx has a 12 month low of $194.29 and a 12 month high of $318.83. The company has a market capitalization of $72.16 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.51 and a beta of 1.35. The firm’s 50-day moving average is $287.05 and its 200 day moving average is $253.44.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.80. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts predict that FedEx will post 19.14 EPS for the current year.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC raised its holdings in 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 purchasing an additional 3,730,273 shares in the last quarter. 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 acquiring an additional 2,741,723 shares in the last quarter. Norges Bank purchased a new stake in FedEx during the second quarter valued at approximately $605,497,000. Boston Partners acquired a new stake in FedEx in the third quarter valued at approximately $468,195,000. Finally, Dodge & Cox grew its holdings in 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 last quarter. Institutional investors own 84.47% of the company’s 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.