Bank of America Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its price objective boosted by stock analysts at Bank of America from $270.00 to $285.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the shipping service provider’s stock. Bank of America‘s price target suggests a potential upside of 5.73% from the company’s current price.

Several other equities research analysts also recently weighed in on FDX. Citigroup increased their price target on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group decreased their price target on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Jefferies Financial Group increased their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Daiwa Capital Markets boosted their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.79.

FedEx Stock Up 0.3%

FDX stock traded up $0.88 during trading on Thursday, hitting $269.55. 40,243 shares of the company’s stock traded hands, compared to its average volume of 1,961,324. The firm has a market capitalization of $63.60 billion, a P/E ratio of 15.67, a PEG ratio of 1.49 and a beta of 1.31. FedEx has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $239.77 and a two-hundred day simple moving average of $230.99.

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

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in FedEx by 13.2% in the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after purchasing an additional 2,741,723 shares during the period. Dodge & Cox raised its position in FedEx by 4.7% in the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after acquiring an additional 649,426 shares in the last quarter. Geode Capital Management LLC grew its position in FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after buying an additional 28,450 shares during the period. Franklin Resources Inc. lifted its stake in shares of FedEx by 2.1% during the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock valued at $1,033,208,000 after buying an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in FedEx by 28,080.9% during the 2nd 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 during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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.