Susquehanna Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price
Susquehanna has raised its price target for FedEx (NYSE:FDX) from $285 to $300, maintaining a "positive" rating. This suggests a potential upside of 29.14% from the previous close. Other analysts have varied opinions, with JPMorgan lowering its target to $285 and Bank of America raising it to $244. FedEx's stock is currently trading at $232.31, with a market cap of $54.81 billion and a P/E ratio of 13.91. The company reported earnings of $3.83 per share, exceeding estimates, and revenue of $22.20 billion for the last quarter.
FedEx (NYSE:FDX - Get Free Report) had its price objective lifted by stock analysts at Susquehanna from $285.00 to $300.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "positive" rating on the shipping service provider's stock. Susquehanna's target price indicates a potential upside of 29.14% from the company's previous close.
- FedEx Stock Is at Its Bottom—And It May Be Time to Buy
Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $290.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, September 5th. Bank of America lifted their price objective on shares of FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research note on Friday. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. UBS Group dropped their price objective on shares of FedEx from $297.00 to $293.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $276.88.
Get Our Latest Report on FDX
FedEx Price Performance
- 3 Buyable Stocks With Solid Bottoms Ready to Rebound
FDX traded up $5.81 during trading hours on Friday, hitting $232.31. The company's stock had a trading volume of 3,126,218 shares, compared to its average volume of 1,989,321. The business's 50-day moving average price is $228.92 and its 200-day moving average price is $226.73. FedEx has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a market cap of $54.81 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.
FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The company had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. FedEx's quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.
Insider Transactions at FedEx
- 3 Stocks Near 52-Week Lows With Strong Rebound Potential
In other news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 in the last 90 days. Insiders own 0.53% of the company's stock.
Hedge Funds Weigh In On FedEx
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider's stock valued at $4,705,391,000 after acquiring an additional 211,165 shares in the last quarter. Dodge & Cox increased its holdings in FedEx by 4.7% in the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider's stock worth $3,292,016,000 after buying an additional 649,426 shares during the period. Geode Capital Management LLC increased its holdings in FedEx by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider's stock worth $1,124,524,000 after buying an additional 28,450 shares during the period. Franklin Resources Inc. increased its holdings in FedEx by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider's stock worth $1,033,208,000 after buying an additional 94,136 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.
FedEx Company Profile
(Get Free Report)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.
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