FedEx Stock Surges 5.21% with $9.63 Billion Trading Volume, Jefferies Upgrades to Buy

On March 24, 2025, FedEx (FDX) saw a significant increase of 5.21% in its stock price, with a trading volume of $9.63 billion, marking a 54.67% decrease from the previous day. This surge in stock price was primarily driven by a series of positive developments and analyst upgrades.

Jefferies upgraded its rating for FedEx from Hold to Buy, highlighting the company's significant cost-cutting initiatives and their potential to drive future growth. This upgrade was based on the company's effective cost-reduction strategies and innovative initiatives like Network 2.0, which are expected to enhance operational efficiency and profitability.

Analysts at Jefferies also noted that the projected annual revenue for FedEx is $99,575 million, representing a 13.39% increase. The projected annual non-GAAP EPS is $22.14, indicating strong financial performance. The average one-year price target for FedEx is $320.54 per share, with forecasts ranging from $202.00 to $388.50. This target represents a 39.16% increase from the latest reported closing price of $230.33 per share.

Institutional ownership of FedEx has also seen an increase, with 2,742 funds or institutions reporting positions in the company. This represents a 3.55% increase in the last quarter, with the average portfolio weight of all funds dedicated to FDX increasing by 3.82%. Total shares owned by institutions increased by 2.55% to 228,225K shares in the last three months. The put/call ratio of FDX is 1.03, indicating a bearish outlook.

Major shareholders such as Dodge & Cox and Primecap Management have also adjusted their positions in FedEx. Dodge & Cox increased its ownership by 5.29% to 13,890K shares, while Primecap Management decreased its ownership by 2.57% to 12,391K shares. Capital International Investors and DODGX - Dodge & Cox Stock Fund also made adjustments to their portfolio allocations in FDX, reflecting the changing sentiment towards the company.