FedEx (NYSE:FDX – Free Report) had its price objective upped by Morgan Stanley from $220.00 to $230.00 in a research note issued to investors on Friday,Benzinga reports. Morgan Stanley currently has an underweight rating on the shipping service provider’s stock.
Several other brokerages also recently weighed in on FDX. Barclays increased their target price on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Evercore lifted their price target on FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $479.00 price target on shares of FedEx in a report on Friday, February 13th. Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus set a $412.00 target price on shares of FedEx in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $393.85.
Check Out Our Latest Report on FedEx
FedEx Stock Performance
FedEx (NYSE:FDX – Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 17.03%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.51 earnings per share. As a group, analysts expect that FedEx will post 19.14 earnings per share for the current year.
FedEx Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be issued a dividend of $1.45 per share. 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 institutional investors and hedge funds have recently modified their holdings of FDX. Grey Fox Wealth Advisors LLC bought a new stake in FedEx during the 3rd quarter worth approximately $27,000. EFG International AG bought a new position in FedEx in the 4th quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new position in FedEx in the 2nd quarter valued at $28,000. Wealth Watch Advisors INC acquired a new position in FedEx in the third quarter worth $28,000. Finally, Ameriflex Group Inc. boosted its stake in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.
More FedEx News
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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