FedEx (NYSE:FDX) Price Target Raised to $450.00 at Wells Fargo & Company

FedEx (NYSE:FDX) had its price target increased by research analysts at Wells Fargo & Company from $430.00 to $450.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the shipping service provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 23.72% from the stock’s previous close.

FDX has been the topic of a number of other reports. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Truist Financial boosted their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Wall Street Zen downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. BNP Paribas Exane set a $280.00 price objective on shares of FedEx and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, UBS Group boosted their target price on shares of FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.33.

FedEx Stock Up 2.1%

NYSE:FDX traded up $7.61 during midday trading on Friday, reaching $363.72. The company had a trading volume of 2,339,451 shares, compared to its average volume of 1,934,869. The firm has a market capitalization of $85.52 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.66 and a beta of 1.29. The stock’s fifty day simple moving average is $350.29 and its 200-day simple moving average is $289.94. FedEx has a 12-month low of $194.29 and a 12-month high of $392.86. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.FedEx’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 EPS. On average, sell-side analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FDX. New York State Teachers Retirement System boosted its stake in shares of FedEx by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares in the last quarter. D.A. Davidson & CO. increased its stake in FedEx by 10.6% in the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after purchasing an additional 4,634 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in FedEx by 11.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after purchasing an additional 3,514 shares during the last quarter. Savant Capital LLC raised its holdings in FedEx by 32.5% during the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after purchasing an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in FedEx by 34.9% during the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after purchasing an additional 6,234 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 beat and guidance raise — FedEx reported $5.25 EPS on $24B revenue, topping consensus and raised FY26 profit outlook; investors cheered resilient demand and a stronger-than-expected holiday peak. FedEx shares surge as investors cheer resilient demand, higher profit forecast
• Positive Sentiment: Analyst upgrades and higher price targets — TD Cowen raised its price target to $426 and upgraded to Buy; other firms (e.g., JPMorgan) also raised targets recently, supporting upside expectations.
• Positive Sentiment: Strategic execution — Management reaffirmed key actions (including the freight spin‑off plan) and emphasized cost controls and yield improvement, which support margin outlook. FedEx Tops Q3 Estimates, Freight Spin-Off Remains On Track
• Neutral Sentiment: Demand and geopolitical risks — CEO said global demand has held through early March despite the Iran war; fuel surcharges are cushioning cost increases but guidance assumes no further major disruptions. This is reassuring but leaves exposure if the conflict worsens. FedEx sees global demand holding amid Iran war, raises profit outlook
• Neutral Sentiment: Network adjustments — FedEx is closing nine New York parcel centers as it optimizes capacity; this may lower costs long term but could cause near‑term disruption and execution risk. FedEx to shutter 9 New York parcel centers
• Negative Sentiment: Analyst downgrade — Zacks moved FDX from “strong‑buy” to “hold,” flagging valuation and near‑term risks despite the beat; some analysts warn the stock’s run-up makes valuation more stretched. Zacks.com
• Negative Sentiment: Safety/regulatory risk — The NTSB is investigating a close call between FedEx and an Alaska Airlines jet at Newark; while not a financial issue now, it introduces operational/regulatory scrutiny. NTSB investigating close call between FedEx, Alaska Airlines jets

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.