FedEx (NYSE:FDX) Coverage Initiated by Analysts at Citizens Jmp

Research analysts at Citizens Jmp initiated coverage on shares of FedEx (NYSE:FDX) in a report released on Wednesday,Benzinga reports. The firm set a “market outperform” rating and a $375.00 price target on the shipping service provider’s stock. Citizens Jmp’s target price suggests a potential upside of 19.73% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research decreased their price target on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. UBS Group cut their price target on FedEx from $445.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. The Goldman Sachs Group decreased their price objective on FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Wall Street Zen raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of FedEx in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.54.

FedEx Stock Down 0.2%

Shares of NYSE:FDX opened at $313.22 on Wednesday. The firm has a market capitalization of $74.74 billion, a PE ratio of 16.92 and a beta of 1.29. FedEx has a 1 year low of $172.88 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The firm’s 50-day moving average is $345.84 and its two-hundred day moving average is $349.19.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, beating the consensus estimate of $5.91 by $0.40. The business had revenue of $25.01 billion during the quarter, compared to analyst estimates of $24.04 billion. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $6.07 earnings per share. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On FedEx

Large investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of FedEx in the 1st quarter valued at about $25,000. Bayban acquired a new stake in shares of FedEx in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC grew its position in shares of FedEx by 77.4% during the first quarter. Cedar Mountain Advisors LLC now owns 94 shares of the shipping service provider’s stock worth $33,000 after acquiring an additional 41 shares during the last quarter. EFG International AG acquired a new position in shares of FedEx in the 4th quarter valued at $27,000. Finally, Ulland Investment Advisors LLC purchased a new stake in FedEx in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.