FedEx (NYSE:FDX) Price Target Raised to $254.00

Key Points

• Wolfe Research raised FedEx's price target from $244.00 to $254.00, suggesting a potential upside of 12.02% from its current price, while maintaining an "outperform" rating.
• Analysts from BNP Paribas Exane and TD Cowen provided even higher price targets of $270.00 and $271.00, respectively, with overall consensus for FedEx being a "Moderate Buy" rating.
• FedEx reported earnings of $3.83 per share for the latest quarter, exceeding analysts' expectations, and projected an EPS guidance range of 17.200-19.000 for FY 2026.

FedEx (NYSE:FDX - Get Free Report) had its price target upped by equities researchers at Wolfe Research from $244.00 to $254.00 in a report issued on Friday,MarketScreener reports. The firm currently has an "outperform" rating on the shipping service provider's stock. Wolfe Research's price target would suggest a potential upside of 12.02% from the stock's current price.

A number of other research analysts also recently issued reports on the company. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a report on Thursday, July 3rd. TD Cowen increased their price target on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company upped their price objective on shares of FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Friday. Daiwa Capital Markets boosted their target price on shares of FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Bank of America lifted their price objective on shares of FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $271.54.

FedEx Trading Down 2.2%

Shares of FDX traded down $5.01 during trading hours on Friday, reaching $226.74. 76,310 shares of the company traded hands, compared to its average volume of 2,010,132. The company has a market capitalization of $53.50 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The company's fifty day moving average price is $228.84 and its two-hundred day moving average price is $226.29. FedEx has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. This represents a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last three months. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FedEx

Several institutional investors and hedge funds have recently made changes to their positions in FDX. WealthPlan Investment Management LLC grew its position in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider's stock valued at $327,000 after acquiring an additional 44 shares in the last quarter. L2 Asset Management LLC boosted its stake in shares of FedEx by 4.9% in the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider's stock valued at $224,000 after purchasing an additional 46 shares in the last quarter. Stonebridge Capital Advisors LLC grew its holdings in shares of FedEx by 4.1% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider's stock valued at $264,000 after buying an additional 46 shares during the period. Aaron Wealth Advisors LLC lifted its stake in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after purchasing an additional 48 shares during the last quarter. Finally, SouthState Corp lifted its holdings in shares of FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock worth $349,000 after acquiring an additional 48 shares during the period. 84.47% of the stock is currently owned by hedge funds and other 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.

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