B of A Securities Reiterates Buy Rating for FedEx
Analyst Ken Hoexter from B of A Securities maintains a buy rating on FedEx with a $378 price target, a 18.67% upside from the current price.
Key Points
- B of A Securities, led by analyst Ken Hoexter, reiterated its buy rating on FedEx (NYSE: FDX) on June 24, 2026, with a $378 price target.
- B of A Securities's $378 price target implies 18.67% upside from FedEx Corporation's ($FDX) current $318.53 share price.
- FedEx shares traded near $317.24 on Wednesday, boasting a market cap of $78.4 billion and a P/E ratio of 17.6.
- Analysts maintain a generally positive outlook, with 16 opinions averaging a target price of $339.71.
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On June 24, 2026, B of A Securities' analyst Ken Hoexter reiterated a buy rating on FedEx Corporation (NYSE: FDX), setting a price target of $378. This move underscores confidence in the company's future performance.
B of A Securities vs. the S&P 500
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FedEx Corporation Stock Down 3.7%
Shares of NYSE:FDX traded near $317.24 on Wednesday. FedEx Corporation boasts a market capitalization of approximately $78.4 billion. The company's P/E ratio stands at 17.6, with a forward P/E of 16.9, indicating investor expectations for future earnings. The stock has seen a 52-week low of $174.13 and a high of $345.37, with 50-day and 200-day moving averages of $315.63 and $257.74, respectively. FedEx maintains a current ratio of 1.47 and a debt-to-equity ratio of 141.0.
$FDX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its most recent quarter, FedEx reported revenue of $91.9 billion, reflecting a growth of 8.3%. The company's earnings per share (EPS) were $18.72, with a net margin of 4.88% and a return on equity (ROE) of 15.87%. The next earnings report is anticipated on June 23, 2026.
Dividend
FedEx offers an annual dividend rate of $4.88, yielding 1.5% with a payout ratio of 30.59%. This provides a steady stream of income for investors.
Insider Buying and Selling at FedEx Corporation
Recent insider activity includes transactions by Susan Patricia Griffith and Stephen Gorman. On May 5, 2026, Griffith sold 2,804 shares at an average price of $361.28 and bought 4,123 shares at $245.60. Similarly, on April 27, 2026, Gorman sold 4,727 shares with a subsequent purchase of 4,727 shares at $146.62.
Analysts Set New Price Targets
On June 24, 2026, B of A Securities maintained its buy rating on FedEx with a $378 price target. Stifel also kept a buy rating with a $326 target, and UBS maintained a buy with a $350 target. Wells Fargo and Barclays both set a high target of $425. Meanwhile, Morgan Stanley maintained a sell rating with a target of $160.
About FedEx Corporation
FedEx Corporation, based in Memphis, Tennessee, provides transportation, e-commerce, and business services globally. The company operates through Federal Express and FedEx Freight segments, offering a variety of shipping and logistics services. Under the leadership of CEO Rajesh Subramaniam, FedEx employs approximately 300,000 people.
Bottom Line
FedEx Corporation continues to be a focal point for investors, with B of A Securities' reaffirmation of a buy rating suggesting confidence in its growth prospects. The company's robust financials and strategic operations in the logistics sector make it a significant player in the market. As always, it's important to remember that these analyst ratings and price targets reflect past data and are not a guarantee of future performance.
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