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

FedEx (NYSE:FDX) had its price target upped by equities researchers at TD Cowen from $383.00 to $426.00 in a research report issued on Friday. The firm currently has a “buy” rating on the shipping service provider’s stock. TD Cowen’s target price suggests a potential upside of 19.95% from the company’s current price.

FDX has been the subject of several other research reports. Wall Street Zen cut shares of FedEx from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. BMO Capital Markets lifted their price objective on shares of FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Truist Financial boosted their target price on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. The Goldman Sachs Group increased their target price on FedEx from $364.00 to $369.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $373.74.

FedEx Price Performance

FDX stock opened at $355.15 on Friday. The business’s 50-day moving average is $350.29 and its two-hundred day moving average is $289.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market capitalization of $83.50 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.66 and a beta of 1.29. FedEx has a 1 year low of $194.29 and a 1 year high of $392.86.

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

Institutional Investors Weigh In On FedEx

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OneAscent Financial Services LLC increased its position in shares of FedEx by 1.7% during the fourth quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock worth $491,000 after purchasing an additional 29 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of FedEx by 1.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 30 shares during the period. LRI Investments LLC boosted its position in shares of FedEx by 5.2% in the 4th quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock valued at $183,000 after purchasing an additional 31 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in FedEx by 11.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock worth $84,000 after buying an additional 31 shares during the last quarter. Finally, Legacy Bridge LLC increased its position in FedEx by 33.0% during the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after buying an additional 33 shares during the period. 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 lift — FedEx posted a double beat (revenue and EPS) and raised FY profit guidance to roughly $19.30–$20.10, a clear near‑term catalyst for the rally. FedEx shares surge as investors cheer resilient demand, higher profit forecast
• Positive Sentiment: Resilient demand and pricing — Management said global demand is holding and the company’s fuel surcharge is offsetting higher oil costs for now, supporting margin durability. FedEx sees global demand holding amid Iran war, raises profit outlook
• Positive Sentiment: Operational execution and strategic moves — Execs highlighted strong peak‑season profitability, cost discipline and that the planned freight spin‑off remains on track, which investors view as value‑enhancing. FedEx Tops Q3 Estimates, Freight Spin-Off Remains On Track
• Neutral Sentiment: Broader market context — Positive FedEx news is arriving amid mixed premarket futures and macro volatility (triple witching, Middle East developments), which can amplify intraday moves but isn’t FedEx‑specific. Stock Market Today: S&P 500, Dow Futures Down Ahead Of ‘Triple Witching’
• Negative Sentiment: Safety probe — The NTSB is investigating a close call between a FedEx and an Alaska Airlines jet at Newark; any operational safety concerns could weigh on sentiment if they lead to regulatory scrutiny or costs. NTSB investigating close call between FedEx, Alaska Airlines jets
• Negative Sentiment: Geopolitical and fuel‑cost risk ahead — Management’s outlook assumes no further major disruptions; sustained oil >\$100 or escalation in the Middle East could push costs higher and dent volume if customers pull back. FedEx is getting more upbeat about the year — despite surging fuel costs

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.