Citigroup Maintains Buy Rating on FedEx with $359 Target
Citigroup analyst Ariel Rosa reiterated a buy rating on FedEx Corporation with a price target of $359, a 12.71% upside from the current price.
Key Points
- Citigroup reiterated its buy rating for FedEx Corporation, setting a price target of $359.
- Citigroup's $359 price target implies 12.71% upside from FedEx Corporation's ($FDX) current $318.53 share price.
- FedEx shares were trading at $317.24 on Wednesday, with a market cap of about $78.4 billion.
- Other analysts, including B of A Securities and UBS, also maintained buy ratings with targets up to $425.
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Citigroup's analyst Ariel Rosa reiterated a buy rating on FedEx Corporation (NYSE: FDX) on June 24, 2026, maintaining a price target of $359. This comes as part of a series of analyst updates for the logistics giant.
Citigroup vs. the S&P 500
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FedEx Corporation Stock Down 3.7%
Shares of FedEx Corporation (NYSE: FDX) traded near $317.24 on Wednesday. The company boasts a market cap of approximately $78.4 billion and has a P/E ratio of 17.6. FedEx has seen its stock price range from a 52-week low of $174.13 to a high of $345.37. It maintains a 50-day moving average of $315.63 and a 200-day moving average of $257.74.
$FDX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For the quarter ending June 23, 2026, FedEx reported revenues of $91.9 billion, reflecting a revenue growth of 8.3%. The company's earnings per share stood at $18.72, with a net margin of 4.9% and a return on equity of 15.9%.
Dividend
FedEx Corporation offers an annual dividend rate of $4.88, yielding 1.5% at current prices. The company's dividend payout ratio is 30.6%.
Insider Buying and Selling at FedEx Corporation
There has been notable insider activity at FedEx. On May 5, 2026, Susan Patricia Griffith sold 2,804 shares at an average price of $361.28. On the same day, she purchased 4,123 shares at $245.60. Meanwhile, Stephen Gorman sold 4,727 shares on April 27, 2026, but also bought 4,727 shares at $146.62.
Analysts Set New Price Targets
On June 24, 2026, several analysts maintained their buy ratings on FedEx. Citigroup set a price target of $359, while B of A Securities and UBS maintained buy ratings with targets of $378 and $350, respectively. The consensus among 16 analysts remains a buy, with an average target price of $339.71.
About FedEx Corporation
FedEx Corporation, headquartered in Memphis, Tennessee, is a leading provider of transportation and business services. It operates through various segments including Federal Express and FedEx Freight. The company offers a wide range of services, from express and freight shipping to e-commerce solutions and supply chain management. Under the leadership of CEO Rajesh Subramaniam, FedEx employs around 300,000 people globally.
Bottom Line
Investors keep a close eye on FedEx Corporation due to its significant role in global logistics and e-commerce. Citigroup's reaffirmation of a buy rating highlights continued confidence in FedEx's strategic position. Remember, these analyst ratings are based on past performance and projections, and the actual investment environment may differ.
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