FedEx Co. Achieves Consensus Rating of 'Moderate Buy'

FedEx Co. (NYSE:FDX) has been rated as a "Moderate Buy" by a total of twenty-eight brokerages following the company's performance. According to reports from MarketBeat Ratings, two analysts have suggested a sell on the stock, while eight analysts have opted for a hold recommendation. On the other hand, eighteen analysts believe the stock is a good buy, showcasing a range of opinions among financial experts.

Price Target Forecast

The average price target set by brokerages for FedEx shares over the next year is $324.88. This figure reflects the optimism surrounding the company's financial prospects despite the mixed views from analysts.

Analyst Upgrades and Price Increases

Several investment firms have provided updated forecasts for FedEx shares. Barclays has increased its price target from $350.00 to $365.00 and assigned an "overweight" rating. Similarly, Bank of America has revised its target from $325.00 to $348.00 while maintaining a "buy" rating. UBS Group also raised its price target from $311.00 to $350.00, indicating strong confidence in the stock's potential. Raymond James and Bernstein have followed suit, adjusting their price targets and ratings as well.

Current Stock Performance

As of the last trading session, FedEx shares opened at $275.73. The healthcare company has solid financial ratios with a debt-to-equity ratio of 0.72, a current ratio of 1.28, and a quick ratio of 1.24. FedEx holds a market capitalization of $67.37 billion and has recorded a fifty-two week low of $234.45 and a high of $313.84. The company's price-to-earnings (P/E) ratio stands at 17.01.

Quarterly Earnings Report

In its latest quarterly earnings announcement, FedEx reported earnings per share of $4.05, surpassing analysts' expectations of $3.88. The company earned a net margin of 4.62%. For the quarter, FedEx reported a revenue of $22 billion, marginally below the anticipated $22.14 billion, indicating a small decrease of 0.7% compared to the same quarter last year.

Dividend Payout Information

FedEx has recently declared a quarterly dividend of $1.38 per share, which is set to be paid on January 3rd. Investors who were on record as of December 9th will receive this dividend. The annualized dividend totals $5.52, resulting in a dividend yield of 2.00% for FedEx, with a payout ratio sitting at 34.05%.

Institutional Investment Activity

Recent trends show that several hedge funds have been adjusting their positions in FedEx stocks. For instance, Evermay Wealth Management LLC increased its holdings by 72.7% over the third quarter. Highline Wealth Partners also entered into a new investment stake. This kind of institutional interest indicates growing confidence in FedEx among large investors, with 84.47% of the company's stock held by institutional players.

About FedEx

FedEx Corporation specializes in transportation, e-commerce, and business services both domestically and internationally. The company operates through various segments, including FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services, offering a wide range of delivery and logistics solutions.

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