FedEx (NYSE:FDX) Price Target Lowered to $275.00 at Vertical Research

Key Points

• FedEx's price target was lowered by Vertical Research from $280.00 to $275.00, reflecting a potential upside of 21.28% from the stock's previous close.
• Other analysts have mixed ratings on the stock, with 17 analysts rating it as a Buy or better, while the average price target stands at $271.54.
• FedEx reported a quarterly EPS of $3.83, exceeding expectations of $3.71, and indicated strong revenue growth of 3.1% compared to the previous year.

FedEx (NYSE:FDX - Get Free Report) had its target price dropped by investment analysts at Vertical Research from $280.00 to $275.00 in a research note issued on Friday,MarketScreener reports. Vertical Research's price objective suggests a potential upside of 19.36% from the stock's current price.

FDX has been the subject of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a report on Friday. Susquehanna raised their price objective on shares of FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a report on Friday. Cowen reissued a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Evercore ISI reissued an "in-line" rating and set a $243.00 price objective (down from $249.00) on shares of FedEx in a report on Wednesday, September 17th. Finally, Raymond James Financial reissued an "outperform" rating and set a $255.00 price objective on shares of FedEx in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $271.67.

FedEx Stock Down 0.6%

FDX traded down $1.35 during trading hours on Friday, reaching $230.40. 3,849,418 shares of the stock traded hands, compared to its average volume of 2,232,425. The firm's fifty day simple moving average is $228.77 and its two-hundred day simple moving average is $226.13. The company has a market cap of $54.36 billion, a price-to-earnings ratio of 13.45, a PEG 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. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly 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. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Transactions at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents 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 worth $2,228,816. 0.53% of the stock is currently owned by insiders.

Institutional Trading of FedEx

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 purchasing an additional 211,165 shares during the last quarter. Dodge & Cox lifted its position in FedEx by 4.7% in the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider's stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the last quarter. Geode Capital Management LLC lifted its position in FedEx by 0.6% in the 2nd 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. raised its position in shares of FedEx by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider's stock worth $1,033,208,000 after buying an additional 94,136 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after buying an additional 3,730,273 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

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.