FedEx (NYSE:FDX) Upgraded by HSBC to “Hold” Rating

21 Mar 2026, 09:08 by Doug Wharley · The Cerbat Gem

HSBC upgraded shares of FedEx (NYSE:FDX – Free Report) from a reduce rating to a hold rating in a research report released on Friday, Marketbeat Ratings reports. HSBC currently has $360.00 target price on the shipping service provider’s stock.

FDX has been the subject of several other reports. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Raymond James Financial increased their price target 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. Wells Fargo & Company raised their price objective on shares of FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Rothschild & Co Redburn lifted their price objective on FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $393.85.

Check Out Our Latest Report on FedEx

FedEx Stock Up 0.7%

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. FedEx has a one year low of $194.29 and a one year high of $392.86. The business’s fifty day moving average is $351.21 and its two-hundred day moving average is $290.82.

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

FedEx Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDX. Brighton Jones LLC lifted its holdings in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC boosted its position in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the second quarter valued at about $586,000. Wealthspire Advisors LLC grew its stake in shares of FedEx by 3.3% during the second quarter. Wealthspire Advisors LLC now owns 4,772 shares of the shipping service provider’s stock valued at $1,085,000 after acquiring an additional 151 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of FedEx by 18.4% during the second quarter. TD Waterhouse Canada Inc. now owns 18,079 shares of the shipping service provider’s stock worth $4,237,000 after acquiring an additional 2,806 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx News Summary

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

(Get Free Report)

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.