FedEx (NYSE:FDX) Price Target Raised to $288.00 at Evercore ISI

FedEx (NYSE:FDX) had its price objective upped by research analysts at Evercore ISI from $275.00 to $288.00 in a report released on Friday,MarketScreener reports. Evercore ISI’s price objective would indicate a potential upside of 1.49% from the company’s current price.

Several other research firms have also commented on FDX. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a research report on Monday. Morgan Stanley restated an “underweight” rating and set a $210.00 target price on shares of FedEx in a research note on Friday. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. UBS Group lifted their price objective on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Citigroup reiterated a “buy” rating on shares of FedEx in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $291.36.

FedEx Price Performance

FDX opened at $283.78 on Friday. FedEx has a 52-week low of $194.29 and a 52-week high of $295.24. The company has a 50 day moving average of $261.06 and a two-hundred day moving average of $240.75. The company has a market cap 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 issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter last year, the firm posted $4.05 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, analysts expect that FedEx will post 19.14 earnings per share for the current year.

Institutional Trading of FedEx

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Czech National Bank boosted its position in shares of FedEx by 5.9% in the 2nd quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after purchasing an additional 2,987 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in FedEx by 24.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the second quarter valued at $586,000. Sage Capital Advisors llc increased its holdings in shares of FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares during the period. Finally, Jackson Thornton Wealth Management LLC purchased a new position in FedEx during the second quarter valued at approximately $298,000. 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.