FedEx (NYSE:FDX) Price Target Lowered to $354.00 at TD Cowen

FedEx (NYSE:FDX) had its target price trimmed by TD Cowen from $426.00 to $354.00 in a research report released on Wednesday morning,MarketScreener reports.

A number of other equities research analysts have also recently commented on the company. Stephens reissued an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a research note on Tuesday, April 14th. Barclays cut their target price on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Argus boosted their price target on shares of FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Susquehanna upped their price objective on shares of FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a report on Friday, March 20th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $348.83.

FedEx Stock Performance

Shares of FDX opened at $324.76 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The stock has a 50-day moving average of $365.49 and a 200-day moving average of $346.18. The company has a market cap of $77.49 billion, a PE ratio of 17.54, a P/E/G ratio of 1.44 and a beta of 1.28. FedEx has a one year low of $172.88 and a one year high of $345.36.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 23rd. The shipping service provider reported $6.31 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.93% and a net margin of 4.68%.The business had revenue of $25.01 billion during the quarter, compared to analyst estimates of $24.04 billion. During the same period in the previous year, the company posted $6.07 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. On average, equities research analysts predict that FedEx will post 21.59 EPS for the current fiscal year.

FedEx Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd will be paid a $1.22 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 25.97%.

Insider Activity

In related news, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the sale, the director directly owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the sale, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,104 shares of company stock worth $17,599,006 in the last quarter. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FedEx

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in FedEx during the fourth quarter worth about $859,085,000. Boston Partners purchased a new position in FedEx in the third quarter valued at about $468,195,000. Dodge & Cox grew its position in shares of FedEx by 12.0% during 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 period. AQR Capital Management LLC increased its stake in shares of FedEx by 169.2% during 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. Finally, Waddell & Associates LLC increased its stake in shares of FedEx by 164.0% during the 4th quarter. Waddell & Associates LLC now owns 1,188,140 shares of the shipping service provider’s stock worth $343,206,000 after purchasing an additional 738,122 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx reported stronger-than-expected fiscal Q4 results, with EPS of $6.31 and revenue of $25.01 billion, both ahead of analyst estimates, and revenue rose 12.5% year over year. FedEx Reports Strong Fourth Quarter and Full-Year Results
• Positive Sentiment: Management and analysts highlighted improving underlying momentum, including strong package volumes, better yields, cost-cutting progress, and potential shareholder value from the freight spin-off and debt reduction. FedEx’s Earnings Drop May Be Missing the Bigger Freight Story
• Neutral Sentiment: Bank of America and other analysts said the post-earnings selloff may be driven by “near-term noise,” especially confusion around FedEx’s reporting/calendar transition rather than a clear operational slowdown. FedEx strong underlying momentum highlighted by Bank of America
• Negative Sentiment: FedEx stock is falling because its fiscal 2027 EPS guidance of $16.90 to $18.10 came in below Wall Street expectations, overshadowing the beat and raising concerns about near-term earnings power. FedEx shares drop on weak profit forecast as Q4 results top estimates
• Negative Sentiment: Margins also disappointed, with investors reacting to pressure in the core delivery business and the transition effects from the FedEx Freight spin-off, which is adding uncertainty to the story. FedEx drops on margin hit as investors gauge freight spin-off fortunes

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.