FedEx (NYSE:FDX) Given New $230.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised its price target on FedEx to $230 but kept an "underweight" rating, with that target implying roughly a 35.24% downside from the stock's prior close.
• FedEx posted a strong quarter (>$5.25 EPS vs $4.12 estimate) and raised its profit outlook, prompting multiple firms to lift targets and leaving a consensus price target near $374.48 with a consensus rating of Moderate Buy.

FedEx (NYSE:FDX - Get Free Report) had its price objective upped by research analysts at Morgan Stanley from $220.00 to $230.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "underweight" rating on the shipping service provider's stock. Morgan Stanley's price objective points to a potential downside of 35.24% from the stock's previous close.

Other analysts have also issued reports about the company. Royal Bank Of Canada lowered FedEx to a "sector perform" rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. upped their price objective on FedEx from $294.00 to $424.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 10th. BNP Paribas Exane set a $280.00 price objective on shares of FedEx and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Argus lifted their target price on shares of FedEx from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, January 21st. Finally, Stephens boosted their target price on shares of FedEx from $330.00 to $405.00 and gave the company an "overweight" rating 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 issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $374.48.

FedEx Trading Up 1.5%

Shares of FedEx stock opened at $355.15 on Friday. The stock has a market cap of $83.50 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The firm has a fifty day moving average price of $350.29 and a 200 day moving average price of $289.94. FedEx has a 1 year low of $194.29 and a 1 year high of $392.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23.

FedEx (NYSE:FDX - Get Free Report) last posted 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 company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.51 earnings per share. Equities research analysts predict that FedEx will post 19.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in FedEx by 13.2% in 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 in the last quarter. Dodge & Cox lifted its holdings in FedEx by 12.0% during the third 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 in the last quarter. State Street Corp lifted its holdings in FedEx by 4.2% during the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider's stock valued at $2,763,824,000 after purchasing an additional 382,848 shares in the last quarter. Franklin Resources Inc. grew its position in shares of FedEx by 6.6% in the fourth quarter. Franklin Resources Inc. now owns 5,133,231 shares of the shipping service provider's stock valued at $1,482,785,000 after purchasing an additional 318,293 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of FedEx by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,985,778 shares of the shipping service provider's stock worth $1,443,666,000 after purchasing an additional 45,818 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Q3 beat and guidance raise — FedEx reported $5.25 EPS on $24B revenue, topping consensus and raised FY26 profit outlook; investors cheered resilient demand and a stronger-than-expected holiday peak. FedEx shares surge as investors cheer resilient demand, higher profit forecast
• Positive Sentiment: Analyst upgrades and higher price targets — TD Cowen raised its price target to $426 and upgraded to Buy; other firms (e.g., JPMorgan) also raised targets recently, supporting upside expectations.
• Positive Sentiment: Strategic execution — Management reaffirmed key actions (including the freight spin‑off plan) and emphasized cost controls and yield improvement, which support margin outlook. FedEx Tops Q3 Estimates, Freight Spin-Off Remains On Track
• Neutral Sentiment: Demand and geopolitical risks — CEO said global demand has held through early March despite the Iran war; fuel surcharges are cushioning cost increases but guidance assumes no further major disruptions. This is reassuring but leaves exposure if the conflict worsens. FedEx sees global demand holding amid Iran war, raises profit outlook
• Neutral Sentiment: Network adjustments — FedEx is closing nine New York parcel centers as it optimizes capacity; this may lower costs long term but could cause near‑term disruption and execution risk. FedEx to shutter 9 New York parcel centers
• Negative Sentiment: Analyst downgrade — Zacks moved FDX from "strong‑buy" to "hold," flagging valuation and near‑term risks despite the beat; some analysts warn the stock's run-up makes valuation more stretched. Zacks.com
• Negative Sentiment: Safety/regulatory risk — The NTSB is investigating a close call between FedEx and an Alaska Airlines jet at Newark; while not a financial issue now, it introduces operational/regulatory scrutiny. NTSB investigating close call between FedEx, Alaska Airlines jets

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.

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