FedEx (NYSE:FDX) Given New $280.00 Price Target at Wells Fargo & Company

FedEx (NYSE:FDX) had its price target lifted by stock analysts at Wells Fargo & Company from $250.00 to $280.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the shipping service provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.67% from the stock’s current price.

FDX has been the subject of a number of other research reports. Truist Financial set a $285.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Stephens reaffirmed an “overweight” rating and issued a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Citigroup upped their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus cut their price target on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Stock Up 1.4%

Shares of FDX stock traded up $3.62 during trading hours on Friday, hitting $262.48. 1,017,747 shares of the company were exchanged, compared to its average volume of 1,960,470. The stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.31. FedEx has a one year low of $194.29 and a one year high of $308.53. The business’s 50-day simple moving average is $236.92 and its two-hundred day simple moving average is $229.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its position in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of FedEx by 10.4% in the first quarter. Envestnet Asset Management Inc. now owns 349,006 shares of the shipping service provider’s stock valued at $85,081,000 after acquiring an additional 32,827 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of FedEx by 27.5% during the first quarter. TD Private Client Wealth LLC now owns 1,611 shares of the shipping service provider’s stock valued at $393,000 after acquiring an additional 347 shares during the period. Cerity Partners LLC lifted its position in FedEx by 0.5% in the first quarter. Cerity Partners LLC now owns 62,859 shares of the shipping service provider’s stock worth $15,344,000 after purchasing an additional 339 shares during the period. Finally, Processus Wealth & Capital Management LLC boosted its stake in FedEx by 1.4% during the 1st quarter. Processus Wealth & Capital Management LLC now owns 16,737 shares of the shipping service provider’s stock valued at $4,080,000 after purchasing an additional 232 shares in the last quarter. 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.