Sanford C. Bernstein Increases FedEx (NYSE:FDX) Price Target to $470.00

Key Points

• Sanford C. Bernstein raised its price target on FedEx to $470 (from $457) and kept an "outperform" rating, implying roughly a 25.4% upside from the current share price.
• FedEx beat estimates for the quarter, reporting $5.25 EPS versus $4.12 expected and $24 billion in revenue (up 8.3% year-over-year).
• Operational catalysts include a tentative wage deal with pilots and strong standalone targets for the FedEx Freight spinoff, while risks include near-term disruption from network consolidation and competitive pressure from an Amazon–USPS partnership.

FedEx (NYSE:FDX - Get Free Report) had its price target boosted by stock analysts at Sanford C. Bernstein from $457.00 to $470.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has an "outperform" rating on the shipping service provider's stock. Sanford C. Bernstein's price target would suggest a potential upside of 25.43% from the company's current price.

FDX has been the topic of several other reports. Evercore raised their target price on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Susquehanna boosted their price target on shares of FedEx from $410.00 to $455.00 and gave the stock a "positive" rating in a research note on Friday, March 20th. Wall Street Zen raised shares of FedEx from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 4th. Raymond James Financial raised their price objective on shares of FedEx from $305.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Stephens lifted their price objective on shares of FedEx from $405.00 to $435.00 and gave the stock an "overweight" rating in a report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $397.38.

FedEx Trading Up 0.3%

FedEx stock opened at $374.72 on Thursday. 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 has a fifty-two week low of $199.85 and a fifty-two week high of $392.86. The stock has a market cap of $89.41 billion, a P/E ratio of 19.94, a PEG ratio of 1.59 and a beta of 1.28. The firm's fifty day moving average price is $363.59 and its 200-day moving average price is $303.07.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period in the prior year, the company earned $4.51 EPS. The company's quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast 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 have recently made changes to their positions in the business. New York State Teachers Retirement System grew its stake in shares of FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider's stock worth $48,831,000 after acquiring an additional 4,734 shares during the period. D.A. Davidson & CO. lifted its position in FedEx by 10.6% during the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider's stock valued at $11,419,000 after purchasing an additional 4,634 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in FedEx by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider's stock worth $8,243,000 after purchasing an additional 3,514 shares during the last quarter. Savant Capital LLC grew its position in FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider's stock worth $9,437,000 after purchasing an additional 9,806 shares during the period. Finally, Pacer Advisors Inc. grew its position in FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider's stock worth $5,679,000 after purchasing an additional 6,234 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

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

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.

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