FedEx (NYSE:FDX) Price Target Raised to $360.00 at Barclays

FedEx (NYSE:FDX) had its target price hoisted by research analysts at Barclays from $320.00 to $360.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has an “overweight” rating on the shipping service provider’s stock. Barclays‘s target price would suggest a potential upside of 27.51% from the stock’s current price.

FDX has been the topic of several other research reports. Wolfe Research raised their price objective on FedEx from $298.00 to $322.00 and gave the stock an “outperform” rating in a report on Monday, December 8th. Susquehanna raised their price target on FedEx from $300.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, December 4th. Raymond James Financial restated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. Jefferies Financial Group increased their price objective on shares of FedEx from $280.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Wells Fargo & Company boosted their target price on shares of FedEx from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.29.

FedEx Trading Up 0.4%

Shares of FDX stock opened at $282.33 on Tuesday. The company has a market capitalization of $66.62 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.47 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $258.40 and a 200 day moving average price of $239.67. FedEx has a twelve month low of $194.29 and a twelve month high of $295.24.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of large investors have recently modified their holdings of the stock. Saranac Partners Ltd acquired a new position in FedEx in the 3rd quarter worth $183,000. Severin Investments LLC purchased a new position in FedEx in the third quarter valued at about $354,000. Allworth Financial LP grew its stake in FedEx by 9.0% during the 3rd quarter. Allworth Financial LP now owns 11,582 shares of the shipping service provider’s stock valued at $2,731,000 after purchasing an additional 961 shares in the last quarter. IFP Advisors Inc raised its position in shares of FedEx by 14.9% in the 3rd quarter. IFP Advisors Inc now owns 2,564 shares of the shipping service provider’s stock valued at $605,000 after purchasing an additional 332 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of FedEx by 16.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 27,319 shares of the shipping service provider’s stock valued at $6,442,000 after buying an additional 3,923 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.