Bank of America Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price objective lifted by research analysts at Bank of America from $285.00 to $315.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the shipping service provider’s stock. Bank of America‘s target price would indicate a potential upside of 9.52% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Vertical Research decreased their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Wells Fargo & Company upped their price objective on shares of FedEx from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Stephens reaffirmed an “overweight” rating and set a $260.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Sanford C. Bernstein lifted their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada cut FedEx to a “sector perform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.13.

FedEx Trading Up 1.9%

FDX opened at $287.62 on Friday. 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 has a 52 week low of $194.29 and a 52 week high of $295.24. The stock has a market cap of $67.87 billion, a PE ratio of 16.79, a PEG ratio of 1.46 and a beta of 1.32. The business has a 50 day moving average of $261.06 and a 200-day moving average of $240.75.

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

Hedge Funds Weigh In On FedEx

A number of hedge funds have recently added to or reduced their stakes in FDX. Grey Fox Wealth Advisors LLC purchased a new stake in FedEx during the 3rd quarter valued at $27,000. NewSquare Capital LLC raised its stake in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of FedEx during the second quarter valued at $28,000. Wealth Watch Advisors INC bought a new position in shares of FedEx during the third quarter valued at $28,000. Finally, Ameriflex Group Inc. boosted its position in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other 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.