FedEx (NYSE:FDX) Stock Price Expected to Rise, Evercore ISI Analyst Says

FedEx (NYSE:FDX) had its price objective hoisted by analysts at Evercore ISI from $239.00 to $275.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has an “in-line” rating on the shipping service provider’s stock. Evercore ISI’s price objective indicates a potential downside of 0.46% from the stock’s previous close.

Several other research analysts have also recently issued reports on FDX. Raymond James Financial restated an “outperform” rating and set a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. UBS Group boosted their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Susquehanna increased their price target on FedEx from $300.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday. TD Cowen boosted their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Wolfe Research upped their price objective on FedEx from $298.00 to $322.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.79.

FedEx Stock Performance

FDX stock traded down $0.36 during trading on Tuesday, hitting $276.28. 66,487 shares of the company’s stock traded hands, compared to its average volume of 1,922,549. 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 has a 52 week low of $194.29 and a 52 week high of $295.24. The stock has a fifty day moving average price of $254.38 and a two-hundred day moving average price of $237.42. The stock has a market capitalization of $65.19 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.

FedEx (NYSE:FDX) last posted its earnings results 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period last year, the business posted $3.60 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of large investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new stake in FedEx during the third quarter worth approximately $27,000. NewSquare Capital LLC lifted its stake in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter worth $28,000. Wealth Watch Advisors INC acquired a new position in FedEx in the 3rd quarter valued at $28,000. Finally, Ameriflex Group Inc. raised its holdings in FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares during the period. 84.47% of the stock is currently owned by 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.