FedEx (NYSE:FDX) Given New $450.00 Price Target at Wells Fargo & Company

FedEx (NYSE:FDX) had its target price upped by Wells Fargo & Company from $430.00 to $450.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the shipping service provider’s stock.

FDX has been the topic of a number of other reports. Stephens upped their price target on shares of FedEx from $405.00 to $435.00 and gave the stock an “overweight” rating in a report on Friday. HSBC cut shares of FedEx from a “hold” rating to a “reduce” rating and set a $335.00 price objective for the company. in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. BNP Paribas Exane set a $280.00 target price on shares of FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, Barclays lifted their price target on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $393.85.

FedEx Price Performance

Shares of FDX stock opened at $358.44 on Friday. The stock has a 50 day moving average price of $351.21 and a 200 day moving average price of $290.82. FedEx has a 52-week low of $194.29 and a 52-week high of $392.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market capitalization of $84.28 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.69 and a beta of 1.29.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $4.51 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that FedEx will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s payout ratio is currently 30.87%.

Institutional Investors Weigh In On FedEx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx in the 3rd quarter valued at about $27,000. EFG International AG acquired a new stake in FedEx during the fourth quarter worth about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the second quarter worth about $28,000. Wealth Watch Advisors INC purchased a new position in FedEx during the third quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. raised its position in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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.