FedEx (NYSE:FDX) Price Target Lowered to $293.00 at UBS Group

FedEx (NYSE:FDX) had its price objective reduced by analysts at UBS Group from $297.00 to $293.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the shipping service provider’s stock. UBS Group’s target price would indicate a potential upside of 28.13% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. 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 report on Thursday, July 3rd. Citigroup cut their target price on shares of FedEx from $278.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Sanford C. Bernstein cut their target price on shares of FedEx from $282.00 to $249.00 and set a “market perform” rating for the company in a research note on Friday, June 13th. Truist Financial reissued a “buy” rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. Finally, Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $282.96.

FedEx Stock Performance

FDX traded down $3.53 on Thursday, reaching $228.68. The stock had a trading volume of 93,010 shares, compared to its average volume of 1,959,973. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $230.42 and its two-hundred day moving average price is $230.50. The company has a market cap of $53.96 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts’ consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the previous year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Sell-side analysts forecast that FedEx will post 19.14 earnings per share for the current year.

Insider Activity at FedEx

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

Institutional Trading of FedEx

Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of FedEx by 7.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 12,798 shares of the shipping service provider’s stock worth $2,911,000 after purchasing an additional 877 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of FedEx during the 2nd quarter worth approximately $2,439,000. Silverlake Wealth Management LLC purchased a new position in shares of FedEx during the 2nd quarter worth approximately $202,000. TT Capital Management LLC purchased a new position in shares of FedEx during the 2nd quarter worth approximately $2,564,000. Finally, Cim Investment Management Inc. boosted its position in shares of FedEx by 99.7% during the 2nd quarter. Cim Investment Management Inc. now owns 5,481 shares of the shipping service provider’s stock worth $1,246,000 after purchasing an additional 2,736 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

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.