FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $340 to $350.
UPS, a peer company of FedEx, reported Q1 sales of $22.90 billion, which beat the consensus estimate of $20.49 billion.
In its fiscal 2020, FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding.
FedEx stock was trading 5.62% higher at $291.09 at the time of publication. The stock has a 52-week low of $103.40 and a 52-week high of $305.66.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
