Wolfe Research Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price target increased by Wolfe Research from $355.00 to $394.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the shipping service provider’s stock. Wolfe Research’s target price would suggest a potential upside of 3.81% from the stock’s previous close.

FDX has been the topic of a number of other reports. Jefferies Financial Group lifted their price target on FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research note on Tuesday, January 20th. Barclays boosted their price target on shares of FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday. HSBC raised their price target on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Finally, Raymond James Financial raised their target price on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.52.

FedEx Stock Up 3.4%

Shares of FDX stock traded up $12.39 during trading hours on Tuesday, reaching $379.55. 499,890 shares of the company’s stock were exchanged, compared to its average volume of 1,960,455. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $378.50. The company has a market cap of $89.24 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $307.65 and its 200-day moving average is $264.36.

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

Hedge Funds Weigh In On FedEx

Hedge funds have recently modified their holdings of the stock. OneAscent Financial Services LLC increased its position in FedEx by 1.7% during the fourth quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock worth $491,000 after buying an additional 29 shares during the last quarter. LRI Investments LLC grew its holdings in shares of FedEx by 5.2% during the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock worth $183,000 after purchasing an additional 31 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in FedEx by 11.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock worth $84,000 after purchasing an additional 31 shares during the last quarter. Legacy Bridge LLC lifted its stake in shares of FedEx by 33.0% during the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock valued at $38,000 after acquiring an additional 33 shares during the period. Finally, True Wealth Design LLC boosted its stake in shares of FedEx by 8.2% in the 4th quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock valued at $133,000 after purchasing an additional 35 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile

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.