FedEx (NYSE:FDX) Price Target Raised to $426.00

FedEx (NYSE:FDX) had its price target raised by TD Cowen from $383.00 to $426.00 in a report issued on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the shipping service provider’s stock.

Several other brokerages also recently issued reports on FDX. Wall Street Zen downgraded FedEx from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Raymond James Financial boosted their target price on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Stephens upped their target price on shares of FedEx from $330.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wolfe Research raised their price target on shares of FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Finally, Argus lifted their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $393.85.

FedEx Trading Up 0.7%

Shares of FedEx stock opened at $358.44 on Friday. FedEx has a 1 year low of $194.29 and a 1 year high of $392.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The business has a 50 day moving average price of $351.21 and a 200 day moving average price of $291.76. The company has a market capitalization of $85.53 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.61 and a beta of 1.29.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.51 EPS. Sell-side analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio is presently 30.87%.

Hedge Funds Weigh In On FedEx

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Empowered Funds LLC grew its stake in shares of FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of FedEx during the 2nd quarter valued at about $586,000. Wealthspire Advisors LLC lifted its position in FedEx by 3.3% during the 2nd quarter. Wealthspire Advisors LLC now owns 4,772 shares of the shipping service provider’s stock worth $1,085,000 after acquiring an additional 151 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in FedEx by 18.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 18,079 shares of the shipping service provider’s stock worth $4,237,000 after acquiring an additional 2,806 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 beat and guidance raise — FedEx posted a double beat (EPS and revenue) and lifted full‑year profit guidance, which is the primary driver behind the stock rally. Article Link
• Positive Sentiment: Analyst re‑ratings and price‑target lifts — Multiple firms (UBS, Wells Fargo, BofA, Susquehanna, Stephens, TD Cowen, Truist, Stifel, BMO, etc.) raised targets or upgraded ratings after the results, supporting further upside sentiment. Article Link
• Neutral Sentiment: Management says demand is holding — FedEx flagged that early‑March volumes matched expectations and that its fuel surcharge is moderating higher fuel costs, but management assumes no additional geopolitical disruptions. That reduces immediate downside but leaves exposure to future shocks. Article Link
• Neutral Sentiment: Market context is mixed — broader markets are pressured by oil/geo risks and macro data, so FedEx’s outperformance is occurring in a risk‑off environment that could limit follow‑through. Article Link
• Negative Sentiment: Cost and segment risks persist — fuel costs are materially higher (a key margin headwind) and the Freight business remains weak; both could pressure results if trends worsen. Article Link
• Negative Sentiment: Some caution in the market and mixed guidance reaction — a few headlines note the company gave a relatively cautious near‑term forecast that caused intraday profit‑taking, and one major house (Morgan Stanley) still expresses an underweight stance with a much lower target. Article Link
• Negative Sentiment: Operational/PR risk — the NTSB is probing a close runway call involving a FedEx jet, a reputational/operational overhang to monitor. Article Link

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.