TD Cowen Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its target price lifted by analysts at TD Cowen from $269.00 to $271.00 in a research note issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the shipping service provider’s stock. TD Cowen’s target price would suggest a potential upside of 16.76% from the company’s current price.

A number of other research analysts also recently commented on the stock. Barclays reissued an “overweight” rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday. The Goldman Sachs Group decreased their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, Truist Financial restated a “buy” rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average price target of $275.85.

FedEx Stock Up 2.5%

FedEx stock opened at $232.10 on Friday. The company has a market cap of $54.76 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a fifty day simple moving average of $228.84 and a 200 day simple moving average of $226.45. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.43%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Activity at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the sale, the director directly owned 15,513 shares of the company’s stock, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently modified their holdings of FDX. Valeo Financial Advisors LLC boosted its stake in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Norges Bank acquired a new position in FedEx during the second quarter worth $605,497,000. Nuveen LLC acquired a new position in FedEx during the first quarter worth $314,650,000. AQR Capital Management LLC grew its stake in shares of FedEx by 750.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after acquiring an additional 896,271 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after acquiring an additional 732,266 shares in the last quarter. 84.47% of the stock is owned by 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.