B of A Securities Rates FedEx (FDX) buy, $378 Price Target

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.

FedEx Corporation Stock Up 9.4%

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.

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.