FedEx (NYSE:FDX) Given New $470.00 Price Target at Sanford C. Bernstein

FedEx (NYSE:FDX) had its price objective raised by research analysts at Sanford C. Bernstein from $457.00 to $470.00 in a report issued on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the shipping service provider’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 25.43% from the company’s previous close.

A number of other brokerages have also recently commented on FDX. BMO Capital Markets upped their target price on shares of FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a report on Friday, March 20th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. JPMorgan Chase & Co. lifted their target price on FedEx from $424.00 to $432.00 and gave the company a “neutral” rating in a research report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $479.00 price target on shares of FedEx in a report on Friday, February 13th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $397.38.

FedEx Trading Up 0.3%

Shares of NYSE:FDX opened at $374.72 on Thursday. The stock’s 50-day simple moving average is $363.59 and its two-hundred day simple moving average is $303.07. The stock has a market capitalization of $89.41 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.59 and a beta of 1.28. FedEx has a 52-week low of $199.85 and a 52-week high of $392.86. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.51 EPS. Analysts expect that FedEx will post 19.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of FedEx during the fourth quarter valued at approximately $859,085,000. Vanguard Group Inc. boosted its position in shares of FedEx by 13.2% during the third 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. Boston Partners purchased a new position in FedEx during the third quarter valued at $468,195,000. Dodge & Cox increased its holdings 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 during the last quarter. Finally, AQR Capital Management LLC lifted its stake in 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 in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Tentative wage deal with pilots eases labor overhang — FedEx reached a preliminary agreement with the Air Line Pilots Association after years of talks, removing a major source of operational disruption and investor uncertainty (though wages may raise costs). FedEx reaches tentative wage deal with pilots after years of talks
• Positive Sentiment: FedEx Freight lays out strong standalone targets ahead of spinoff — management is targeting double-digit operating profit growth (10–12%), mid-single-digit revenue growth, and substantial free cash flow, which could unlock value once the unit lists as FDXF. FedEx Unveils Freight Spinoff Outlook With 10%–12% Profit Growth Target
• Positive Sentiment: Easing geopolitical risk supports global flows — reports that the U.S. and Iran agreed to a temporary ceasefire and the first vessels are moving through the Strait of Hormuz eased shipping concerns, a tailwind for freight/logistics names. Why FedEx (FDX) Stock Is Trading Up Today
• Neutral Sentiment: Analyst price-target tweak but rating intact — Wolfe Research trimmed its FedEx price target slightly while maintaining an outperform rating, a modest informational update rather than a directional change. Wolfe Research Adjusts FedEx Price Target
• Neutral Sentiment: FedEx sues law firm over alleged staged crash schemes — legal action aims to curb fraudulent injury suits that increase costs; in the near term it adds legal noise but could reduce future claims. FedEx sues law firm over alleged staged crashes
• Neutral Sentiment: Network 2.0 consolidation continues with local facility closures — FedEx will close 150+ sites (including Plattsburgh) as part of its network transformation; it’s execution of a strategic plan that may improve efficiency long-term while creating near-term disruption. FedEx to close Plattsburgh facility in June
• Negative Sentiment: Amazon–USPS deal poses competitive risk for e‑commerce volume — a large Amazon partnership with USPS could divert parcel volume away from FedEx, pressuring long-term parcel growth. Amazon USPS Delivery Pact Poses New Questions For FedEx Investors

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.