Evercore ISI Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its price objective upped by Evercore ISI from $239.00 to $275.00 in a report issued on Tuesday, MarketBeat reports. The brokerage presently has an “in-line” rating on the shipping service provider’s stock. Evercore ISI’s price target suggests a potential downside of 3.18% from the company’s current price.

FDX has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on FedEx from $274.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Raymond James Financial restated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Finally, Bank of America raised their price target on FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.79.

FedEx Stock Up 3.2%

Shares of NYSE:FDX opened at $284.02 on Tuesday. FedEx has a 1 year low of $194.29 and a 1 year high of $295.24. The company has a market capitalization of $67.02 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. The business has a fifty day moving average price of $256.06 and a two-hundred day moving average price of $238.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the business posted $3.60 EPS. FedEx’s quarterly 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. Analysts forecast that FedEx will post 19.14 earnings per share for the current year.

Institutional Trading of FedEx

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of FedEx by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after buying an additional 2,741,723 shares during the last quarter. Dodge & Cox increased its stake in FedEx by 12.0% during 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 purchasing an additional 1,742,666 shares in the last quarter. Geode Capital Management LLC increased its stake in FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after purchasing an additional 28,450 shares in the last quarter. Franklin Resources Inc. raised its holdings in FedEx by 5.9% in the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after buying an additional 269,567 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

About FedEx

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.