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

FedEx (NYSE:FDX) had its target price upped by research analysts at Wolfe Research from $322.00 to $328.00 in a report released on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the shipping service provider’s stock. Wolfe Research’s price target suggests a potential upside of 15.58% from the stock’s previous close.

A number of other research firms also recently commented on FDX. UBS Group boosted their price target on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Stephens boosted their price objective on shares of FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Sanford C. Bernstein boosted their price target on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Finally, Vertical Research dropped their price objective on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $291.36.

FedEx Stock Performance

NYSE FDX opened at $283.78 on Friday. The firm has a 50-day moving average price of $261.06 and a two-hundred day moving average price of $240.75. FedEx has a 12-month low of $194.29 and a 12-month high of $295.24. The company has a market capitalization of $66.96 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.46 and a beta of 1.32. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FDX. Vanguard Group Inc. grew its holdings in FedEx by 13.2% during 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 acquiring an additional 2,741,723 shares during the last quarter. Dodge & Cox increased its holdings in FedEx by 12.0% in the third 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 during the period. Geode Capital Management LLC increased its stake in shares of FedEx by 0.6% in the second 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 buying an additional 28,450 shares during the period. Franklin Resources Inc. grew its position in shares of FedEx by 5.9% during the 3rd 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 period. Finally, Valeo Financial Advisors LLC increased its stake in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring 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.