FedEx (NYSE:FDX) Price Target Cut to $284.00 by Analysts at JPMorgan Chase & Co.

FedEx (NYSE:FDX - Get Free Report) had its price target cut by analysts at JPMorgan Chase & Co. from $285.00 to $284.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the shipping service provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 21.88% from the company's current price.

• FedEx Delivers Good News: The Bottom Is in for This Stock

A number of other research firms have also weighed in on FDX. TD Cowen raised their target price on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a report on Friday. Susquehanna increased their price target on FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research report on Friday. BMO Capital Markets set a $255.00 price target on FedEx in a research report on Friday. Wells Fargo & Company increased their price target on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Truist Financial reaffirmed a "buy" rating and set a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $276.83.

Read Our Latest Analysis on FedEx

FedEx Stock Up 2.9%

• FedEx Stock Is at Its Bottom—And It May Be Time to Buy

Shares of FDX stock traded up $6.51 during trading hours on Friday, reaching $233.01. The company had a trading volume of 3,603,058 shares, compared to its average volume of 1,991,895. FedEx has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The business has a fifty day simple moving average of $228.92 and a 200-day simple moving average of $226.73. The company has a market cap of $54.98 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results 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 return on equity of 16.34% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the company earned $3.60 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

Insider Activity

• 3 Buyable Stocks With Solid Bottoms Ready to Rebound

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FedEx

Several large investors have recently added to or reduced their stakes in FDX. Brighton Jones LLC boosted its stake in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after buying an additional 207 shares during the period. Man Group plc lifted its stake in FedEx by 274.3% during the fourth quarter. Man Group plc now owns 7,253 shares of the shipping service provider's stock worth $2,040,000 after purchasing an additional 5,315 shares during the last quarter. Two Sigma Investments LP lifted its stake in FedEx by 98.1% during the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock worth $3,010,000 after purchasing an additional 5,300 shares during the last quarter. Waverly Advisors LLC lifted its stake in FedEx by 34.0% during the fourth quarter. Waverly Advisors LLC now owns 5,032 shares of the shipping service provider's stock worth $1,416,000 after purchasing an additional 1,278 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in FedEx by 14.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,448 shares of the shipping service provider's stock worth $12,505,000 after purchasing an additional 5,721 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

About FedEx

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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