$FDXF

13 stories mentioning FDXFUpdated 29d ago

Every FINWIRES story that references FDXF, newest first.

FedEx to Sell Supply Chain Unit to France's CMA CGM in $1.4 Billion Deal

FedEx (FDX) has agreed to sell its supply chain subsidiary to French shipping and logistics firm CMA CGM in a roughly $1.4 billion deal, as the parcel delivery giant continues to streamline its portfolio.FedEx Supply Chain specializes in product lifecycle logistics for the technology, retail, consumer and healthcare industries, according to FedEx's 2025 annual report.The deal allows FedEx to focus more on high-value sectors such as healthcare, automotive, aerospace and data centers, it said Wednesday. The company recently completed the spin-off of its freight business into an independent public company, called FedEx Freight (FDXF)."By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy," FedEx Chief Executive Raj Subramaniam said in a statement Wednesday.The company's shares were up 1% in afternoon trade, bringing its year-to-date gains to nearly 36%.The transaction is projected to nearly triple the size of the North American contract logistics operations of CMA CGM unit CEVA Logistics. The merged entity is expected to operate about 150 warehouses with 20,000 employees, according to the statement.Following the transaction, which is expected to close later this year, FedEx and CMA CGM aim to enter into multiyear commercial agreements related to air and ocean freight. The agreements are expected to begin in phases between now and 2028.CMA CGM is anticipated to provide FedEx ocean transport and carrier services as part of a non-exclusive deal, while the companies will work together on certain air cargo capacity solutions, they said.Last week, UBS Securities said FedEx may face near-term pressure from the freight business spin-off and a transition to calendar-year reporting, but it remains positioned for multi-year earnings growth driven by margin expansion and pricing strength.Price: $316.11, Change: $+2.98, Percent Change: +0.95%

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Research29d ago

Goldman Sachs Initiates FedEx Freight at Buy With $186 Price Target

FedEx Freight Holding (FDXF) has an average rating of overweight and mean price target of $173.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire34d ago

Update: BofA Securities Adjusts Price Target on FedEx Freight to $187 From $185, Maintains Buy Rating

(Updated to include BofA's commentary)BofA Securities raised its price target on FedEx Freight (FDXF) to $187 from $185 following the company's Q1 earnings after spin-off from its parent.The company introduced transition-period targets for June through December, expecting 4-6% revenue growth and adjusted EPS of $2.40-$2.60, analysts said, adding that Chief Executive John Smith said he is encouraged by demand trends, including improving ISM, truckload trends, and rate increases.FedEx Freight has an average rating of overweight and mean price target of $172, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $147.33, Change: $-11.20, Percent Change: -7.06%

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Wire34d ago

FedEx Freight Sees Yield-Led Transition-Period Operating Income Growth, BofA Says

FedEx Freight (FDXF) CFO Marshall Witt expects operating income growth during the transition period to be led by higher yields and efficiency drivers, offsetting softer or stabilizing volumes as well as headwinds from variable compensation and transition service agreement costs, BofA Securities said in a note Friday.CEO John Smith was encouraged by demand trends, including improving ISM metrics, truckload trends, and higher rates. He remains focused on exiting transition service agreements quickly to reduce costs and risks, leveraging AI to drive efficiencies, and enhancing service, according to the note.FedEx Freight introduced the June to December transition period targets of 4% to 6% revenue growth, adjusted operating income of $605 million to 645 million, adjusted operating margins of 11.5% to 12.0%, and adjusted earnings per share of $2.40 to $2.60, the note added.BofA raised its calendar year 2027 EPS estimate by 2% to $5.41 from $5.30.The firm kept a buy rating on FedEx Freight and raised the price target to $187 from $185.Shares of FedEx Freight were down more than 6% in Friday trading.Price: $148.70, Change: $-9.83, Percent Change: -6.20%

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Wire34d ago

BofA Securities Adjusts Price Target on FedEx Freight to $187 From $185, Maintains Buy Rating

FedEx Freight (FDXF) has an average rating of overweight and mean price target of $172, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $150.48, Change: $-7.72, Percent Change: -4.88%

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Research37d ago

Jefferies Initiates FedEx Freight at Buy With $200 Price Target

FedEx Freight Holding (FDXF) has an average rating of overweight and mean price target of $172.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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US Markets55d ago

Equities Fall, Yields Jump Intraday After Jobs Report; Tech Leads Sell-Off

US benchmark equity indexes were lower intraday amid a technology sector-led sell-off, while Treasury yields jumped as markets parsed the latest official jobs report.The Nasdaq Composite was down 3.2% at 25,950.7 after midday Friday, while the S&P 500 fell 2% to 7,434.3. The Dow Jones Industrial Average shed 0.9% to 51,109, after closing at a record high in the previous session.Tech saw the steepest drop among sectors intraday Friday, down 4.7%, while consumer staples paced the gainers.IBM (IBM) shares dropped 6%, the worst performer on the Dow. Cisco Systems (CSCO) and Nvidia (NVDA) followed IBM on the index, down 5.8% and 5.6%, respectively. Several other big tech names also fell. These included Microsoft (MSFT), Oracle (ORCL), Salesforce (CRM), Qualcomm (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), and Super Micro Computer (SMCI), which tumbled 11% -- the second-worst performer on the S&P 500.In economic news, total nonfarm payrolls in the US rose by 172,000 in May, the Bureau of Labor Statistics said, nearly double the 88,000 increase expected in a Bloomberg-compiled survey."Overall, this was a solid employment report," TD Economics said in a report. "Not only did headline payrolls come in stronger than expected, but revisions to prior months were meaningfully higher and well above six-and-twelve-month averages, suggesting some reacceleration in hiring activity."US Treasury yields were higher intraday, with the 10-year rate up 7.1 basis points at 4.55%, and the two-year rate soaring 11.9 basis points to 4.17%.Markets widely expect the Federal Reserve to leave interest rates unchanged later this month, which would mark its fourth straight pause, according to the CME FedWatch tool."Most (Federal Open Market Committee) participants have said they would prefer to remove the easing bias in the FOMC statement on account of rising inflation risk, and this (jobs) report should reinforce that shift," Morgan Stanley said in a note. "We read this employment report as indicating the Fed can and will remove its easing bias in June."West Texas Intermediate crude oil was down 3.2% at $90.03 a barrel intraday, while Brent fell 2.3% to $92.82.A potential US-Iran peace deal hinges on the Trump administration agreeing to release $24 billion in frozen Iranian assets, CNN reported Friday, citing Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei."The negotiations are at a deadlock, and (US President Donald) Trump must break this deadlock," Rezaei reportedly said. "The ball is in Trump's court."In company news, FedEx Freight (FDXF) shares jumped 7.8% intraday, the best performer on the S&P 500, as Stifel initiated the stock at hold, with a $160 price target.Gold was down 3.1% at $4,367 per troy ounce, while silver dropped 6.5% to $69.13 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$CRM$CSCO$FDXF$IBM$MSFT$MU$NVDA$ORCL$QCOM$SMCI

Research55d ago

Stifel Initiates FedEx Freight at Hold With $160 Price Target

FedEx Freight Holding (FDXF) has an average rating of overweight and mean price target of $168, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$FDXF

Research56d ago

Evercore ISI Initiates FedEx Freight Holding at Outperform With $168 Price Target

FedEx Freight Holding Company, Inc. (FDXF) has an average rating of overweight and mean price target of $168, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$FDXF

Wire57d ago

FedEx Quarterly Earnings Could Miss Street Views Amid Margin Pressures, Morgan Stanley Says

FedEx's (FDX) fiscal fourth-quarter earnings could fall short of Wall Street's expectations as margin pressures continue to outweigh "stable" sales trends, Morgan Stanley said in a note e-mailed Wednesday.The parcel delivery giant is expected to report earnings of $5.58 a share for the quarter, below the Street's views for $5.92, according to Morgan Stanley. The brokerage projects quarterly earnings before interest and taxes at $1.92 billion, also lagging the $2 billion modeled by analysts."We expect FedEx (fourth-quarter) EBIT and EPS to come in modestly below consensus, as margin pressures continue to outweigh stable revenue trends," Morgan Stanley said in a note to clients.FedEx is scheduled to report results June 23. The company completed the spin-off of its freight business recently. FedEx Freight (FDXF) now trades as an independent company on the New York Stock Exchange under the ticker symbol FDXF."Following the June 1 separation, we expect both FedEx Express and FedEx Freight to deliver (fourth-quarter) results that are modestly ahead on revenue, but below (consensus) EBIT, reinforcing our view that pricing stabilization may not be translating into the degree of margin recovery implied by expectations," Morgan Stanley said.The express segment's EBIT and margins remained pressured in the quarter despite a sequential improvement due to persistent cost headwinds, according to the note.The freight business' operational trends "appear to be stabilizing following a difficult" third quarter, the firm said. However, "weaker-than-expected pricing and continued volume pressure are expected to weigh on earnings," Morgan Stanley wrote.Investors are not expected to not have "full standalone visibility" into the parcel and freight businesses until late October, as disclosures roll out in phases, according to the note."As both businesses begin operating independently, we believe investors will increasingly focus on the sustainability of normalized margin profiles, particularly as the gap between revenue performance and earnings conversion remains a key concern across both segments," Morgan Stanley said.Price: $326.70, Change: $-2.31, Percent Change: -0.70%

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Wire57d ago

FedEx Entering New Phase After Freight Spin-Off, Q4 EPS Seen Below Consensus, Morgan Stanley Says

FedEx (FDX) is poised to report fiscal Q4 earnings before interest and taxes, and earnings per share modestly below consensus as margin pressures continue to outweigh stable revenue trends, Morgan Stanley said in a Wednesday note.The investment firm said the company is entering a new phase following the spin-off of FedEx Freight (FDXF) and investors are likely to focus on long-term fundamentals.The brokerage added that as both businesses begin operating independently, investors will increasingly focus on the sustainability of normalized margin profiles as the gap between revenue performance and earnings conversion remains a key concern.Morgan Stanley said it expects quarterly EBIT of $1.92 billion, compared with a consensus estimate of $1.99 billion. It expect EPS of $5.58 versus a consensus of $5.92. The brokerage added that consolidated results may be less meaningful following the company's spin-off.For the fiscal Q4, FedEx Express' continued pricing strength, fuel surcharge upside and share gains are likely to be offset by persistent cost headwinds and international trade disruptions. Weaker-than-expected pricing and continued volume pressure at FedEx Freight are expected to weigh on earnings, according to the note.FedEx is scheduled to report its fiscal Q4 results on June 23.Morgan Stanley lowered its price target to $160 from $230, with an underweight rating.Price: $328.37, Change: $-0.63, Percent Change: -0.19%

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Research57d ago