Truist Financial Issues Positive Forecast for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX) had its target price hoisted by Truist Financial from $400.00 to $425.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the shipping service provider’s stock.

FDX has been the topic of a number of other research reports. Susquehanna decreased their price objective on shares of FedEx from $345.00 to $340.00 in a report on Tuesday, December 23rd. BMO Capital Markets upped their target price 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. UBS Group increased their price target on shares of FedEx from $412.00 to $446.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley raised their price target on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a report on Friday. Finally, Barclays boosted their price objective on shares of FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $393.85.

FedEx Trading Up 0.7%

Shares of FDX opened at $358.44 on Friday. 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 company has a market cap of $84.28 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.69 and a beta of 1.29. The stock has a fifty day moving average price of $351.21 and a two-hundred day moving average price of $290.82. FedEx has a 52-week low of $194.29 and a 52-week high of $392.86.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 17.03% and a net margin of 4.88%.The company had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same quarter in the prior year, the business earned $4.51 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in FedEx during the 4th quarter worth $859,085,000. Vanguard Group Inc. raised its position in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after acquiring an additional 2,741,723 shares during the last quarter. Boston Partners acquired a new position in shares of FedEx in the 3rd quarter valued at $468,195,000. Dodge & Cox lifted its stake in shares of 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 purchasing an additional 1,742,666 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of FedEx by 169.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after purchasing an additional 1,718,278 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

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

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.