FedEx (NYSE:FDX – Get Free Report) had its price target raised by analysts at UBS Group from $412.00 to $446.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the shipping service provider’s stock. UBS Group’s target price would suggest a potential upside of 24.43% from the stock’s current price.
A number of other equities analysts have also issued reports on FDX. Citigroup raised their price target on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. BMO Capital Markets upped their price objective on shares of FedEx from $290.00 to $400.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Bank of America increased their price objective on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday. Argus boosted their target price on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Stephens upped their price target on shares of FedEx from $405.00 to $435.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $393.85.
Check Out Our Latest Report on FDX
FedEx Stock Up 0.7%
FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 17.03% and a net margin of 4.88%.The firm had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the business posted $4.51 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts anticipate that FedEx will post 19.14 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after buying an additional 2,741,723 shares in the last quarter. Dodge & Cox increased its holdings in FedEx by 12.0% in the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after acquiring an additional 1,742,666 shares in the last quarter. State Street Corp raised its position in FedEx by 4.2% during the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock worth $2,763,824,000 after acquiring an additional 382,848 shares during the period. Franklin Resources Inc. raised its position in FedEx by 6.6% during the fourth quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider’s stock worth $1,482,785,000 after acquiring an additional 318,293 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in FedEx by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,985,778 shares of the shipping service provider’s stock valued at $1,443,666,000 after purchasing an additional 45,818 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting FedEx
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
FedEx Company Profile
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.
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