Wolfe Research Cuts FedEx (NYSE:FDX) Price Target to $423.00

FedEx (NYSE:FDX) had its target price decreased by investment analysts at Wolfe Research from $427.00 to $423.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the shipping service provider’s stock. Wolfe Research’s price objective suggests a potential upside of 14.08% from the company’s current price.

Several other equities analysts have also recently commented on FDX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $479.00 price target on shares of FedEx in a report on Friday, February 13th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Citigroup upped their price objective on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Stifel Nicolaus raised their target price on FedEx from $412.00 to $425.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, UBS Group boosted their price objective on shares of FedEx from $412.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $396.88.

FedEx Trading Up 3.9%

Shares of FedEx stock traded up $13.78 during trading on Tuesday, hitting $370.78. The stock had a trading volume of 184,480 shares, compared to its average volume of 1,944,406. FedEx has a 1 year low of $194.29 and a 1 year high of $392.86. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $88.47 billion, a PE ratio of 19.65, a P/E/G ratio of 1.59 and a beta of 1.28. The stock has a 50 day simple moving average of $362.42 and a 200 day simple moving average of $302.58.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the previous year, the business earned $4.51 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, research analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after acquiring an additional 2,741,723 shares during the last quarter. Dodge & Cox increased its position in FedEx by 12.0% in the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after acquiring an additional 1,742,666 shares in the last quarter. State Street Corp increased its position in FedEx by 4.2% in the 4th quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock valued at $2,763,824,000 after acquiring an additional 382,848 shares in the last quarter. Franklin Resources Inc. increased its position in FedEx by 6.6% in the 4th quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider’s stock valued at $1,482,785,000 after acquiring an additional 318,293 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in FedEx by 0.9% in the 4th 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 acquiring an additional 45,818 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight is guiding to up to 12% operating-profit growth as it prepares to separate from FedEx, signaling stronger standalone margins and clearer investor visibility into the LTL business ahead of the spinoff. This outlook supports the view that the divestiture could unlock value for FDX shareholders. FedEx Freight targets up to 12% operating profit growth ahead of spinoff
• Positive Sentiment: FedEx Freight held its inaugural Investor Day at the NYSE where management emphasized network optimization, commercial offerings, and the company’s advantaged positioning as the largest North American LTL carrier — messaging that helps build investor confidence in the spinoff thesis. FedEx Freight Hosts Inaugural Investor Day Ahead of Planned Spinoff from FedEx
• Positive Sentiment: Argus Research reiterated a Buy on FDX and raised its price target to $400, giving institutional and retail investors an analyst-backed upside case that reinforces the positive market reaction. Argus Research Sticks to Its Buy Rating for FedEx (FDX)
• Neutral Sentiment: Sector and stock commentary (Zacks, Seeking Alpha) highlights FedEx’s stronger mix, network optimization and recent cost reductions that have driven a multi-month rally; these analyses support a longer-term constructive case but note macro and fuel volatility risks. FedEx: Premium Mix And Network Optimization Supporting High-Quality Growth
• Negative Sentiment: Amazon’s expanded delivery deal with the U.S. Postal Service (expected to move a large share of Amazon volume) raises concerns about lower parcel volumes for FedEx in e-commerce segments, a structural risk that has pressured peers and acts as a clear headwind to volume-driven revenue growth. Amazon USPS Delivery Pact Poses New Questions For FedEx Investors

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.