FedEx (NYSE:FDX) Price Target Raised to $297.00 at Stifel Nicolaus

FedEx (NYSE:FDX) had its price target increased by equities researchers at Stifel Nicolaus from $296.00 to $297.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the shipping service provider’s stock. Stifel Nicolaus’ target price points to a potential upside of 9.95% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a research report on Friday, October 31st. Sanford C. Bernstein boosted their price objective on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Evercore ISI cut their target price on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Citigroup lifted their price target on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Bank of America upped their price objective on shares of FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.13.

FedEx Price Performance

Shares of NYSE FDX traded up $7.56 during mid-day trading on Thursday, reaching $270.13. The company’s stock had a trading volume of 181,053 shares, compared to its average volume of 1,950,147. The stock has a 50-day moving average of $243.71 and a two-hundred day moving average of $232.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a market capitalization of $63.74 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.36 and a beta of 1.31. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for 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%. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Hedge Funds Weigh In On FedEx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx in the third quarter valued at $27,000. NewSquare Capital LLC grew its stake in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in FedEx during the 2nd quarter worth about $28,000. Wealth Watch Advisors INC acquired a new stake in FedEx in the 3rd quarter valued at about $28,000. Finally, Ameriflex Group Inc. boosted its stake in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors 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.