FedEx (NYSE:FDX) Price Target Raised to $285.00

FedEx (NYSE:FDX) had its target price hoisted by Bank of America from $270.00 to $285.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the shipping service provider’s stock.

FDX has been the topic of a number of other reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 target price (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Susquehanna upped their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. Evercore ISI cut their price target on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Stephens reaffirmed an “overweight” rating and issued a $260.00 target price on shares of FedEx in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx Trading Up 0.2%

NYSE:FDX opened at $267.79 on Thursday. FedEx has a 1 year low of $194.29 and a 1 year high of $308.53. The stock has a market cap of $63.19 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a 50-day simple moving average of $241.43 and a 200-day simple moving average of $231.79.

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

Hedge Funds Weigh In On FedEx

A number of large investors have recently modified their holdings of FDX. Valeo Financial Advisors LLC grew its holdings in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after acquiring an additional 3,730,273 shares during the period. Vanguard Group Inc. grew its stake in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares during the period. Norges Bank purchased a new position in shares of FedEx in the 2nd quarter valued at about $605,497,000. Boston Partners acquired a new stake in shares of FedEx in the third quarter valued at about $468,195,000. Finally, Dodge & Cox boosted its holdings in FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after buying an additional 1,742,666 shares in the last quarter. 84.47% of the stock is 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.