FedEx (NYSE:FDX) Receives Buy Rating from JPMorgan Chase & Co.

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

Several other analysts also recently commented on the company. Morgan Stanley raised their price objective on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, March 20th. Seaport Research Partners began coverage on FedEx in a report on Wednesday, May 27th. They issued a “buy” rating for the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a research report on Wednesday. Bank of America lifted their price objective on FedEx from $376.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Truist Financial decreased their price objective on FedEx from $425.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $349.60.

FedEx Stock Down 3.3%

Shares of NYSE:FDX opened at $318.55 on Friday. The company has a 50 day moving average price of $363.74 and a two-hundred day moving average price of $346.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The company has a market capitalization of $76.01 billion, a PE ratio of 17.21, a PEG ratio of 1.40 and a beta of 1.28. FedEx has a 52 week low of $172.88 and a 52 week high of $345.36.

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

Insider Buying and Selling at FedEx

In related news, EVP Tracy B. Brightman sold 16,959 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the sale, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FedEx

Several hedge funds have recently modified their holdings of FDX. Norges Bank bought a new stake in FedEx during the fourth quarter worth about $859,085,000. Boston Partners bought a new stake in shares of FedEx during the 3rd quarter worth approximately $468,195,000. Dodge & Cox boosted its holdings in shares of FedEx by 12.0% in the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after buying an additional 1,742,666 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of FedEx by 169.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after buying an additional 1,718,278 shares during the last quarter. Finally, Waddell & Associates LLC grew its stake in shares of FedEx by 164.0% in the fourth quarter. Waddell & Associates LLC now owns 1,188,140 shares of the shipping service provider’s stock valued at $343,206,000 after buying an additional 738,122 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

More FedEx News

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

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.