Citigroup Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its price target increased by Citigroup from $279.00 to $310.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the shipping service provider’s stock.

Several other research firms have also recently weighed in on FDX. Truist Financial set a $285.00 price objective on FedEx in a report on Tuesday, October 14th. Stifel Nicolaus decreased their target price on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Sanford C. Bernstein lifted their price target on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Jefferies Financial Group boosted their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Wolfe Research raised their target price on shares of FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $276.08.

FedEx Price Performance

Shares of FedEx stock opened at $267.76 on Thursday. The company’s fifty day simple moving average is $240.62 and its two-hundred day simple moving average is $231.24. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market cap of $63.18 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FDX. Grey Fox Wealth Advisors LLC purchased a new position in shares of FedEx during the third quarter valued at approximately $27,000. NewSquare Capital LLC grew its stake in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in FedEx during the 2nd quarter valued at approximately $28,000. Wealth Watch Advisors INC purchased a new position in FedEx during the third quarter valued at $28,000. Finally, Ameriflex Group Inc. boosted its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.