FedEx (NYSE:FDX - Get Free Report) had its target price lifted by equities research analysts at Wells Fargo & Company from $235.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the shipping service provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 8.51% from the company's previous close.
FDX has been the topic of a number of other research reports. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price on the stock in a research note on Thursday, July 3rd. UBS Group reduced their price objective on FedEx from $297.00 to $293.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Raymond James Financial reiterated an "outperform" rating and issued a $255.00 target price on shares of FedEx in a research report on Thursday. Evercore ISI restated an "in-line" rating and set a $243.00 price target (down from $249.00) on shares of FedEx in a report on Wednesday, September 17th. Finally, Barclays reaffirmed an "overweight" rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. One 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $271.67.
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FedEx Price Performance
NYSE:FDX traded down $1.35 during trading hours on Friday, hitting $230.40. The company's stock had a trading volume of 3,848,832 shares, compared to its average volume of 2,031,082. FedEx has a twelve month low of $194.29 and a twelve month 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. The stock has a fifty day simple moving average of $228.84 and a 200-day simple moving average of $226.29. The company has a market capitalization of $54.36 billion, a P/E ratio of 13.45, a PEG ratio of 1.34 and a beta of 1.20.
FedEx (NYSE:FDX - Get Free Report) last posted its earnings results 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 firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.
Insider Buying and Selling at FedEx
In related news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction dated 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 owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by insiders.
Institutional Trading of FedEx
Several hedge funds have recently modified their holdings of FDX. Brighton Jones LLC raised its holdings in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after purchasing an additional 207 shares during the period. Man Group plc increased its position in FedEx by 274.3% in the 4th quarter. Man Group plc now owns 7,253 shares of the shipping service provider's stock valued at $2,040,000 after buying an additional 5,315 shares in the last quarter. Two Sigma Investments LP boosted its holdings in FedEx by 98.1% in the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock worth $3,010,000 after acquiring an additional 5,300 shares in the last quarter. Waverly Advisors LLC grew its stake in FedEx by 34.0% in the fourth quarter. Waverly Advisors LLC now owns 5,032 shares of the shipping service provider's stock valued at $1,416,000 after acquiring an additional 1,278 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in FedEx by 14.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,448 shares of the shipping service provider's stock valued at $12,505,000 after acquiring an additional 5,721 shares during the period. Institutional investors own 84.47% of the company's stock.
FedEx Company Profile
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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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