FedEx (NYSE:FDX) Lowered to “Hold” Rating by BNP Paribas

BNP Paribas lowered shares of FedEx (NYSE:FDX) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Cowen restated a “buy” rating on shares of FedEx in a report on Friday, December 19th. Truist Financial boosted their price objective on FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Susquehanna decreased their target price on FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Stephens raised their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on FedEx from $285.00 to $294.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, FedEx has an average rating of “Hold” and a consensus price target of $302.65.

FedEx Trading Up 0.5%

Shares of FedEx stock traded up $1.66 during trading hours on Tuesday, reaching $311.32. The stock had a trading volume of 321,050 shares, compared to its average volume of 1,752,633. The firm has a market capitalization of $73.20 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.56 and a beta of 1.35. FedEx has a 1 year low of $194.29 and a 1 year high of $318.83. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $281.41 and a two-hundred day simple moving average of $250.52.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The firm 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 company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FDX. Wealthcare Advisory Partners LLC increased its position in shares of FedEx by 491.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,951 shares of the shipping service provider’s stock worth $2,874,000 after purchasing an additional 8,269 shares during the last quarter. Net Worth Advisory Group grew its stake in FedEx by 12.8% in the fourth quarter. Net Worth Advisory Group now owns 2,955 shares of the shipping service provider’s stock worth $854,000 after purchasing an additional 336 shares in the last quarter. Family Wealth Partners LLC bought a new stake in FedEx in the fourth quarter valued at about $227,000. Capital Investment Advisors LLC raised its stake in FedEx by 16.0% during the fourth quarter. Capital Investment Advisors LLC now owns 3,241 shares of the shipping service provider’s stock valued at $936,000 after buying an additional 447 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in FedEx during the fourth quarter valued at approximately $7,424,000. 84.47% of the stock is currently owned by 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.