FedEx (NYSE:FDX) Price Target Raised to $450.00

FedEx (NYSE:FDX) had its price target raised by Wells Fargo & Company from $430.00 to $450.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the shipping service provider’s stock.

FDX has been the subject of several other research reports. Zacks Research lowered FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. The Goldman Sachs Group raised their target price on FedEx from $364.00 to $369.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Morgan Stanley lifted their target price on FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a report on Friday. Sanford C. Bernstein reiterated an “outperform” rating and set a $457.00 price target on shares of FedEx in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $479.00 price target on shares of FedEx in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $393.85.

FedEx Price Performance

FDX opened at $358.44 on Friday. FedEx has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The firm has a 50-day moving average of $351.21 and a 200 day moving average of $291.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The firm has a market cap of $85.53 billion, a P/E ratio of 19.08, a PEG ratio of 1.61 and a beta of 1.29.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.51 earnings per share. On average, research analysts expect that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued 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 (DPR) is presently 30.87%.

Institutional Inflows and Outflows

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