FedEx Corporation (NYSE:FDX) Receives $358.14 Average Target Price from Analysts

FedEx Corporation (NYSE:FDX) has earned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $349.6019.

FDX has been the subject of several research reports. Sanford C. Bernstein set a $397.00 price target on shares of FedEx in a research note on Wednesday. Seaport Research Partners started coverage on shares of FedEx in a research note on Wednesday, May 27th. They set a “buy” rating on the stock. Wells Fargo & Company cut their target price on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 17th. Weiss Ratings lowered shares of FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Argus upped their target price on shares of FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, April 6th.

FedEx Stock Performance

NYSE:FDX opened at $318.55 on Wednesday. The company has a fifty day simple moving average of $363.74 and a two-hundred day simple moving average of $346.38. The company has a market cap of $76.01 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. FedEx has a 52 week low of $172.88 and a 52 week high of $345.36.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, topping the consensus estimate of $5.91 by $0.40. The business had revenue of $25.01 billion during the quarter, compared to the consensus estimate of $24.04 billion. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, equities analysts anticipate that FedEx will post 21.34 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio is presently 26.36%.

Insider Activity

In related news, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the transaction, the executive vice president directly owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This represents a 51.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,104 shares of company stock valued at $17,599,006 over the last three months. 0.53% of the stock is currently owned by corporate insiders.

Institutional Trading of FedEx

Several institutional investors have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC lifted its position in shares of FedEx by 11.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 445 shares of the shipping service provider’s stock worth $158,000 after buying an additional 46 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of FedEx during the 1st quarter worth approximately $620,000. Western Wealth Management LLC lifted its position in shares of FedEx by 186.1% during the 1st quarter. Western Wealth Management LLC now owns 4,840 shares of the shipping service provider’s stock worth $1,617,000 after buying an additional 3,148 shares during the last quarter. FAS Wealth Partners Inc. lifted its position in shares of FedEx by 5.6% during the 1st quarter. FAS Wealth Partners Inc. now owns 11,055 shares of the shipping service provider’s stock worth $3,937,000 after buying an additional 591 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of FedEx by 2.3% during the 1st quarter. Parallel Advisors LLC now owns 9,268 shares of the shipping service provider’s stock worth $3,301,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Bank of America said FedEx Freight’s pricing power is improving and reiterated a Buy rating while raising its price target to $187, signaling confidence that the LTL business can support better earnings growth. Article Title
• Positive Sentiment: FedEx Freight’s first post-spinoff earnings report showed revenue growth and beat revenue expectations, with analysts noting solid underlying growth trends and the potential for margin improvement later in the year. Article Title
• Positive Sentiment: FedEx also announced $4.15 billion in cash tender offers for outstanding notes, which could help optimize its capital structure and lower future interest expense. Article Title
• Neutral Sentiment: Some analysts highlighted that FedEx’s broader business still has strong underlying momentum, but recent stock weakness may reflect “near-term noise” rather than a change in the long-term thesis. Article Title
• Neutral Sentiment: FedEx Freight’s first standalone quarter also included large spinoff-related costs, which pressured operating income and created uncertainty around near-term profitability, even though management expects growth ahead. Article Title
• Negative Sentiment: FedEx shares fell after the Freight unit reported mixed results, including a steep decline in operating income and margin pressure from separation costs, weaker shipment volumes, and higher labor expenses. Article Title
• Negative Sentiment: Another note from analysts pointed to a margin drop and reduced price targets, reinforcing concerns that the market is still focused on near-term earnings pressure rather than the longer-term turnaround. Article Title

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.