Equity Management

The Goldman Sachs Group Reiterates $218.00 Price Target for FedEx (NYSE:FDX)

The Goldman Sachs Group set a $218.00 target price on shares of FedEx in a research note on Monday.

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Feb 3, 2023 • 3 min read

FedEx (NYSE:FDX - Get Rating) has been given a $218.00 target price by investment analysts at The Goldman Sachs Group in a report issued on Monday, Borsen Zeitung reports. The Goldman Sachs Group's target price would suggest a potential upside of 25.87% from the company's current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. set a $179.00 price target on shares of FedEx in a research note on Tuesday, December 27th. Barclays set a $240.00 target price on shares of FedEx in a research report on Tuesday, December 27th. Evercore ISI lowered their target price on shares of FedEx from $225.00 to $202.00 and set an "outperform" rating on the stock in a research report on Monday, December 19th. Jefferies Financial Group upped their target price on shares of FedEx from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, December 22nd. Finally, UBS Group set a $215.00 target price on shares of FedEx in a research report on Wednesday, December 28th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $203.84.

FedEx Trading Down 1.3 %

Shares of FedEx stock opened at $173.20 on Monday. FedEx has a 52-week low of $141.92 and a 52-week high of $266.79. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.83. The company's 50-day simple moving average is $170.07 and its 200-day simple moving average is $192.38. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.33.

Hedge Funds Weigh In On FedEx

Large investors have recently bought and sold shares of the stock. Activest Wealth Management raised its stake in FedEx by 121.6% during the second quarter. Activest Wealth Management now owns 113 shares of the shipping service provider's stock worth $26,000 after purchasing an additional 62 shares during the period. Coston McIsaac & Partners acquired a new stake in shares of FedEx in the second quarter worth $30,000. American National Bank increased its position in shares of FedEx by 206.7% in the second quarter. American National Bank now owns 138 shares of the shipping service provider's stock worth $31,000 after acquiring an additional 93 shares in the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of FedEx in the first quarter worth $35,000. Finally, First PREMIER Bank increased its position in shares of FedEx by 220.0% in the second quarter. First PREMIER Bank now owns 160 shares of the shipping service provider's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.