FedEx (NYSE:FDX) Given New $305.00 Price Target at Raymond James Financial
Key Points
- Raymond James raised its price target on FedEx to $305 (from $255) and kept an "outperform" rating, implying roughly a 5.3% upside from the prior close.
- FedEx beat Q results with EPS of $4.82 vs. $4.02 est. and revenue of $23.47B (up 6.8% Y/Y), and set FY2026 guidance of 17.8–19.0 EPS (street expects ~19.14).
- Analyst views are mixed—the consensus price target is about $299.12 with an average "Hold" rating, even as several firms (e.g., BofA $315, UBS $314) recently raised targets; institutional investors own ~84.5% of the stock.
- MarketBeat previews the top five stocks to own by January 1st.
FedEx (NYSE:FDX - Get Free Report) had its target price raised by analysts at Raymond James Financial from $255.00 to $305.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has an "outperform" rating on the shipping service provider's stock. Raymond James Financial's target price indicates a potential upside of 5.28% from the company's previous close.
FDX has been the topic of a number of other reports. Bank of America raised their price objective on FedEx from $285.00 to $315.00 and gave the company a "neutral" rating in a report on Friday. Cowen reiterated a "buy" rating on shares of FedEx in a report on Friday. UBS Group increased their target price on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. TD Cowen increased their target price on FedEx from $271.00 to $313.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of FedEx from $200.00 to $210.00 and gave the company an "underweight" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, FedEx presently has an average rating of "Hold" and a consensus price target of $299.12.
Institutional investors have recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx in the 3rd quarter worth approximately $27,000. NewSquare Capital LLC boosted 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 valued at $28,000 after purchasing an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter valued at $28,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx during the 3rd quarter worth about $28,000. Finally, Ameriflex Group Inc. increased its stake in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.
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