FedEx (NYSE:FDX) Rating Increased to Buy at Bank of America

FedEx (NYSE:FDX) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $365.00 price objective on the shipping service provider’s stock. Bank of America‘s price target would suggest a potential upside of 18.12% from the company’s previous close.

A number of other analysts also recently commented on FDX. Evercore ISI upped their price objective on FedEx from $275.00 to $288.00 in a report on Friday, December 19th. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, December 19th. Vertical Research reduced their target price on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. The Goldman Sachs Group upped their target price on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus set a $328.00 price target on shares of FedEx in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $303.16.

FedEx Stock Up 0.5%

Shares of NYSE:FDX opened at $309.00 on Friday. The stock’s fifty day simple moving average is $277.91 and its 200-day simple moving average is $248.41. FedEx has a 52-week low of $194.29 and a 52-week high of $315.40. The company has a market capitalization of $72.65 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter in the prior year, the firm posted $4.05 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. True Wealth Design LLC increased its holdings in shares of FedEx by 8.2% during the 4th quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock valued at $133,000 after acquiring an additional 35 shares during the last quarter. BHK Investment Advisors LLC raised its stake in shares of FedEx by 1.4% in the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after buying an additional 41 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of FedEx by 2.2% during the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after acquiring an additional 43 shares in the last quarter. Quadrant Capital Group LLC grew its position in FedEx by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock valued at $1,859,000 after acquiring an additional 43 shares during the period. Finally, WealthPlan Investment Management LLC boosted its position in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after buying an additional 44 shares in the last quarter. 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.