FedEx (NYSE:FDX) Price Target Raised to $305.00

FedEx (NYSE:FDX) had its target price increased by research analysts at Raymond James Financial from $255.00 to $305.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the shipping service provider’s stock. Raymond James Financial’s target price would indicate a potential upside of 5.28% from the stock’s current price.

A number of other research analysts have also recently issued reports on FDX. Wells Fargo & Company lifted their price objective on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Barclays raised their price objective on FedEx from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. HSBC boosted their target price on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Hold” and an average target price of $299.12.

FedEx Stock Performance

Shares of NYSE:FDX opened at $289.71 on Monday. The firm has a market cap of $68.36 billion, a PE ratio of 16.01, a PEG ratio of 1.49 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. The company’s 50 day moving average price is $262.33 and its two-hundred day moving average price is $241.55. FedEx has a 12-month low of $194.29 and a 12-month high of $290.56.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.72% and a net margin of 4.81%.The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the firm posted $4.05 EPS. FedEx’s quarterly revenue was up 6.8% on a year-over-year basis. 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 year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FDX. Czech National Bank grew its holdings in FedEx by 5.9% during the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock worth $12,248,000 after acquiring an additional 2,987 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of FedEx in the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc raised 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 worth $7,887,000 after purchasing an additional 20,024 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC acquired a new stake 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 (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.