FedEx (NYSE:FDX) Price Target Raised to $322.00 at Deutsche Bank Aktiengesellschaft

FedEx (NYSE:FDX) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from $276.00 to $322.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the shipping service provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 13.89% from the company’s current price.

A number of other equities analysts also recently issued reports on FDX. Daiwa Capital Markets increased their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Wells Fargo & Company boosted their price objective on shares of FedEx from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Finally, Evercore ISI lifted their price target on FedEx from $239.00 to $275.00 and gave the company an “in-line” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $285.67.

FedEx Trading Up 0.1%

Shares of FDX opened at $282.74 on Wednesday. The firm has a market capitalization of $66.71 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx has a 1-year low of $194.29 and a 1-year high of $295.24. The company has a 50-day moving average of $259.20 and a 200 day moving average of $240.12.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates 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 last year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx will post 19.14 EPS for the current year.

Institutional Investors Weigh In On FedEx

A number of hedge funds and other institutional investors have recently made changes to their positions in FDX. Grey Fox Wealth Advisors LLC acquired a new position in FedEx in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the second quarter worth about $28,000. Wealth Watch Advisors INC purchased a new stake in shares of FedEx during the 3rd quarter valued at approximately $28,000. NewSquare Capital LLC grew its holdings in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Finally, Ameriflex Group Inc. raised its stake in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds 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.