Citigroup Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its target price increased by Citigroup from $279.00 to $310.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the shipping service provider’s stock. Citigroup’s price objective points to a potential upside of 16.03% from the company’s current price.

Several other analysts have also commented on FDX. TD Cowen boosted their price target on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Wells Fargo & Company upped their target price on shares of FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Susquehanna boosted their price target on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.08.

FedEx Price Performance

NYSE FDX traded down $1.49 on Thursday, reaching $267.18. The company’s stock had a trading volume of 689,000 shares, compared to its average volume of 1,964,153. FedEx has a 52 week low of $194.29 and a 52 week high of $308.53. 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 market cap of $63.04 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The business has a 50-day moving average price of $239.77 and a 200 day moving average price of $230.99.

FedEx (NYSE:FDX) last released 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 return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the business earned $3.60 earnings per share. The company’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 EPS for the current year.

Institutional Investors Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. BHK Investment Advisors LLC boosted its holdings in FedEx by 1.4% in the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after acquiring an additional 41 shares during the last quarter. Probity Advisors Inc. lifted its position in FedEx by 2.2% during the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after purchasing an additional 43 shares during the period. Quadrant Capital Group LLC lifted its position in FedEx by 0.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,884 shares of the shipping service provider’s stock valued at $1,859,000 after purchasing an additional 43 shares during the period. WealthPlan Investment Management LLC boosted its stake in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 44 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after acquiring an additional 44 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

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.