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

FedEx (NYSE:FDX) had its price objective raised by equities research analysts at Argus from $250.00 to $350.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the shipping service provider’s stock. Argus’ price objective suggests a potential upside of 14.28% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Stephens increased their price target on shares of FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Raymond James Financial upped their target price on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Rothschild & Co Redburn downgraded shares of FedEx from a “buy” rating to a “neutral” rating and set a $271.00 target price for the company. in a research note on Wednesday. Royal Bank Of Canada cut FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group increased their price objective on FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of “Hold” and a consensus price target of $303.03.

FedEx Stock Performance

Shares of FDX traded up $5.24 during midday trading on Wednesday, reaching $306.27. 168,378 shares of the stock were exchanged, compared to its average volume of 1,847,178. FedEx has a twelve month low of $194.29 and a twelve month high of $318.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The company has a market capitalization of $72.01 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.55 and a beta of 1.35. The business’s 50-day moving average price is $286.29 and its 200 day moving average price is $253.07.

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

Institutional Investors Weigh In On FedEx

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares in the last quarter. Dodge & Cox raised its position in shares of FedEx by 12.0% in the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after buying an additional 1,742,666 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after buying an additional 28,450 shares during the period. Franklin Resources Inc. boosted its position in FedEx by 5.9% during the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after acquiring an additional 269,567 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake 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 acquiring an additional 3,730,273 shares during the period. 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.