FedEx (NYSE:FDX) Price Target Raised to $350.00 at Argus

FedEx (NYSE:FDX) had its target price boosted by equities research analysts at Argus from $250.00 to $350.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the shipping service provider’s stock. Argus’ target price indicates a potential upside of 14.28% from the stock’s current price.

A number of other brokerages have also recently weighed in on FDX. Cowen reiterated a “buy” rating on shares of FedEx in a report on Friday, December 19th. BMO Capital Markets upped their price target on FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group lifted their price objective on FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a research note on Friday, December 19th. BNP Paribas set a $280.00 target price on FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Redburn Partners set a $271.00 price target on shares of FedEx in a report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $303.03.

FedEx Trading Up 1.7%

NYSE:FDX traded up $5.24 during mid-day trading on Wednesday, reaching $306.27. The company’s stock had a trading volume of 168,378 shares, compared to its average volume of 1,847,178. FedEx has a twelve month low of $194.29 and a twelve month high of $318.83. The company’s fifty day simple moving average is $286.29 and its two-hundred day simple moving average is $253.07. The stock has a market cap of $72.01 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities analysts predict that FedEx will post 19.14 EPS for the current year.

Institutional Investors Weigh In On FedEx

A number of large investors have recently added to or reduced their stakes in FDX. Grey Fox Wealth Advisors LLC purchased a new position in FedEx in the 3rd quarter valued at about $27,000. NewSquare Capital LLC increased its position in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx in the second quarter worth about $28,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx in the third quarter worth about $28,000. Finally, Ameriflex Group Inc. boosted its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.