TD Cowen Forecasts Strong Price Appreciation for FedEx (NYSE:FDX) Stock

FedEx (NYSE:FDX) had its target price hoisted by analysts at TD Cowen from $383.00 to $426.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the shipping service provider’s stock. TD Cowen’s target price would suggest a potential upside of 18.85% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $479.00 price target on shares of FedEx in a research note on Friday, February 13th. BMO Capital Markets increased their price objective on shares of FedEx from $290.00 to $400.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. Jefferies Financial Group boosted their target price on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, UBS Group upped their price target on shares of FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $393.85.

FedEx Price Performance

FedEx stock opened at $358.44 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx has a 52 week low of $194.29 and a 52 week high of $392.86. The stock has a market capitalization of $84.28 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. The stock has a fifty day moving average of $351.21 and a 200-day moving average of $291.29.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating 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 business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period last year, the firm posted $4.51 earnings per share. FedEx’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Trading of FedEx

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake 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 valued at $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC lifted 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 worth $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC bought a new stake in FedEx in the second quarter valued at approximately $586,000. Wealthspire Advisors LLC boosted its holdings in FedEx by 3.3% in the second quarter. Wealthspire Advisors LLC now owns 4,772 shares of the shipping service provider’s stock valued at $1,085,000 after acquiring an additional 151 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased 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 valued at $4,237,000 after purchasing an additional 2,806 shares during the period. Institutional investors own 84.47% of the company’s stock.

Key Headlines 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.