FedEx (NYSE:FDX) Price Target Raised to $244.00 at Bank of America

Key Points

• Bank of America has raised its price target for FedEx (NYSE:FDX) from $240 to $244, signaling a potential upside of 7.72% based on the company's recent closing price.
• Other analysts have varying target prices for FedEx, with Raymond James at $255, BNP Paribas at $270, and Goldman Sachs reducing theirs to $276, indicating a consensus rating of "Moderate Buy."
• In its latest earnings report, FedEx achieved $3.83 earnings per share, surpassing estimates, and reported revenue of $22.20 billion, reflecting a 3.1% increase compared to the previous year.

FedEx (NYSE:FDX - Get Free Report) had its price target boosted by equities research analysts at Bank of America from $240.00 to $244.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the shipping service provider's stock. Bank of America's target price suggests a potential upside of 5.13% from the stock's current price.

A number of other equities research analysts have also issued reports on FDX. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. JPMorgan Chase & Co. lowered their target price on FedEx from $290.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, September 5th. Sanford C. Bernstein dropped their price target on FedEx from $249.00 to $247.00 and set a "market perform" rating on the stock in a research note on Tuesday, September 16th. Finally, Barclays reissued an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $275.85.

FedEx Price Performance

FDX stock traded up $5.60 during trading on Friday, hitting $232.10. The company had a trading volume of 8,378,809 shares, compared to its average volume of 2,232,425. The company has a fifty day moving average price of $228.84 and a two-hundred day moving average price of $226.45. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $54.76 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.34 and a beta of 1.20. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. The company 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 revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Transactions at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the company'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 approximately $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. Over the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FedEx

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of FedEx by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider's stock valued at $4,705,391,000 after buying an additional 211,165 shares in the last quarter. Dodge & Cox increased its stake in shares of FedEx by 4.7% in the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider's stock worth $3,292,016,000 after buying an additional 649,426 shares during the last quarter. Geode Capital Management LLC increased its stake in FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider's stock valued at $1,124,524,000 after purchasing an additional 28,450 shares during the last quarter. Franklin Resources Inc. lifted its holdings in FedEx by 2.1% in the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider's stock worth $1,033,208,000 after purchasing an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in 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 acquiring an additional 3,730,273 shares during 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.