The Goldman Sachs Group Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its price objective upped by analysts at The Goldman Sachs Group from $301.00 to $317.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the shipping service provider’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 11.71% from the stock’s current price.

FDX has been the subject of several other research reports. HSBC raised their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $290.00 price objective on shares of FedEx in a report on Friday. Sanford C. Bernstein boosted their target price on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Vertical Research reduced their price target on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Finally, Jefferies Financial Group set a $326.00 price objective on FedEx in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $291.36.

FedEx Price Performance

Shares of FDX opened at $283.78 on Friday. 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 fifty-two week low of $194.29 and a fifty-two week high of $295.24. The firm has a 50-day simple moving average of $261.06 and a 200-day simple moving average of $240.75. The company has a market capitalization of $66.96 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the prior year, the business earned $4.05 EPS. The firm’s 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. On average, equities research analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDX. Brighton Jones LLC grew its stake in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of FedEx by 0.7% in the first quarter. Candriam S.C.A. now owns 21,173 shares of the shipping service provider’s stock valued at $5,162,000 after purchasing an additional 140 shares in the last quarter. CW Advisors LLC grew its position in shares of FedEx by 11.9% in the first quarter. CW Advisors LLC now owns 27,548 shares of the shipping service provider’s stock valued at $6,714,000 after purchasing an additional 2,923 shares during the last quarter. Norinchukin Bank The increased its stake in shares of FedEx by 15.5% during the 1st quarter. Norinchukin Bank The now owns 12,662 shares of the shipping service provider’s stock worth $3,087,000 after purchasing an additional 1,700 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of FedEx by 260.6% during the 1st quarter. AlphaQuest LLC now owns 934 shares of the shipping service provider’s stock worth $228,000 after purchasing an additional 675 shares during the last quarter. Hedge funds and other 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.