Wolfe Research Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its target price boosted by research analysts at Wolfe Research from $298.00 to $322.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the shipping service provider’s stock. Wolfe Research’s price objective would indicate a potential upside of 16.98% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup raised their price objective on FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Tuesday, December 2nd. Jefferies Financial Group boosted their price target on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group lowered their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.79.

FedEx Trading Down 0.5%

FDX opened at $275.27 on Monday. The company has a market cap of $64.95 billion, a P/E ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $255.17 and its 200-day moving average is $237.83. FedEx has a 1-year low of $194.29 and a 1-year high of $295.24.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently modified their holdings of FDX. Czech National Bank lifted its position in FedEx by 5.9% in the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after purchasing an additional 2,987 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after buying an additional 51,294 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in FedEx during the 2nd quarter valued at $586,000. Sage Capital Advisors llc boosted its position in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new stake in FedEx in the 2nd quarter worth $298,000. 84.47% of the stock is owned by institutional investors.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.