FedEx (NYSE:FDX) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen has raised FedEx's target price from $269.00 to $271.00, suggesting a potential upside of 19.64% from the stock's previous close.
• FedEx's latest quarterly earnings surpassed analyst expectations with an EPS of $3.83, up from $3.60 in the previous year, along with a revenue increase to $22.20 billion.
• FedEx currently has a consensus target price of $276.33, with various ratings including one Strong Buy, and multiple analysts maintaining Buy and Hold ratings on the stock.

FedEx (NYSE:FDX - Get Free Report) had its target price raised by equities research analysts at TD Cowen from $269.00 to $271.00 in a research report issued on Friday, Marketbeat reports. The firm presently has a "buy" rating on the shipping service provider's stock. TD Cowen's price target points to a potential upside of 16.76% from the stock's previous close.

A number of other brokerages also recently weighed in on FDX. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. UBS Group reduced their price objective on shares of FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Bank of America restated a "neutral" rating and set a $240.00 price objective (down from $245.00) on shares of FedEx in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $275.85.

FedEx Trading Up 2.5%

FDX stock traded up $5.60 during mid-day trading on Friday, hitting $232.10. 8,378,809 shares of the company were exchanged, compared to its average volume of 2,232,425. The business has a fifty day simple moving average of $228.84 and a 200-day simple moving average of $226.45. The firm has a market capitalization of $54.76 billion, a P/E ratio of 13.55, a PEG ratio of 1.34 and a beta of 1.20. 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 announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling at FedEx

In related news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction 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 completion of the sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last three months. Corporate insiders own 0.53% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FDX. Brighton Jones LLC lifted its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Man Group plc grew its stake in shares of FedEx by 274.3% in the fourth 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 lifted its holdings in shares of FedEx by 98.1% during the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock worth $3,010,000 after buying an additional 5,300 shares in the last quarter. Waverly Advisors LLC raised its stake in FedEx by 34.0% during the fourth quarter. Waverly Advisors LLC now owns 5,032 shares of the shipping service provider's stock worth $1,416,000 after acquiring an additional 1,278 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings 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 last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

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.