FedEx (NYSE:FDX) Stock Price Expected to Rise, Bank of America Analyst Says

FedEx (NYSE:FDX) had its target price raised by research analysts at Bank of America from $270.00 to $285.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the shipping service provider’s stock. Bank of America‘s price objective suggests a potential upside of 5.73% from the company’s previous close.

Several other research firms have also recently weighed in on FDX. Raymond James Financial reiterated an “outperform” rating and set a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Wells Fargo & Company raised their price objective on shares of FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. TD Cowen upped their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $274.00 price objective (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Finally, HSBC raised their price target on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $274.79.

FedEx Stock Up 0.3%

Shares of NYSE FDX traded up $0.88 during trading hours on Thursday, hitting $269.55. The stock had a trading volume of 40,243 shares, compared to its average volume of 1,961,324. The company has a market capitalization of $63.60 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.49 and a beta of 1.31. The firm’s 50-day moving average price is $239.77 and its two-hundred day moving average price is $230.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period last year, the business posted $3.60 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in shares of FedEx by 12.2% in the 3rd quarter. Bank of Montreal Can now owns 241,670 shares of the shipping service provider’s stock worth $56,988,000 after acquiring an additional 26,346 shares during the period. Legal & General Group Plc lifted its position in FedEx by 3.5% in the third quarter. Legal & General Group Plc now owns 1,483,640 shares of the shipping service provider’s stock valued at $349,857,000 after purchasing an additional 50,161 shares during the period. Banque Cantonale Vaudoise boosted its holdings in FedEx by 75.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 8,946 shares of the shipping service provider’s stock valued at $2,110,000 after purchasing an additional 3,853 shares in the last quarter. Navalign LLC increased its position in FedEx by 1.7% during the 3rd quarter. Navalign LLC now owns 3,001 shares of the shipping service provider’s stock worth $708,000 after purchasing an additional 49 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of FedEx by 7.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 354,503 shares of the shipping service provider’s stock worth $83,597,000 after buying an additional 26,023 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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.