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An update from FedEx ( (FDX) ) is now available.
On May 11 and May 13, 2026, FedEx advanced the planned spin-off of its FedEx Freight unit, as the SEC declared effective FedEx Freight’s Form 10 registration and the FedEx board approved a pro rata dividend of 80.1% of FedEx Freight’s common stock to shareholders of record on May 15. FedEx shareholders will receive one FedEx Freight share for every two FedEx shares, with the new company expected to begin trading on the NYSE under the ticker “FDXF” on June 1, 2026, while FedEx retains a 19.9% stake to be disposed of within 24 months.
Ahead of the separation, FedEx Freight will pay FedEx a cash dividend of about $4.1 billion funded by a $3.7 billion senior notes offering and term loan borrowings, and FedEx has also given notice of its intention to redeem all €354.9 million of its 1.300% notes due 2031 on May 28, 2026. The spin-off is positioned as a value-creation move that gives both FedEx and FedEx Freight dedicated equity currencies, capital flexibility and strategic focus, potentially sharpening FedEx’s balance sheet and strengthening FedEx Freight’s ability to extend its leadership in the LTL market for investors and customers alike.
The most recent analyst rating on (FDX) stock is a Hold with a $432.00 price target. To see the full list of analyst forecasts on FedEx stock, see the FDX Stock Forecast page.
Spark’s Take on FDX Stock
According to Spark, TipRanks’ AI Analyst, FDX is a Neutral.
The score reflects solid financial performance led by improving cash flow and steady profitability, plus a positive earnings update with raised FY2026 guidance and operational progress at FEC. These are tempered by weaker near-term technicals, leverage/balance-sheet assessment uncertainty, and continued FedEx Freight and MD-11-related headwinds.
To see Spark’s full report on FDX stock, click here.
More about FedEx
FedEx Freight Holding Company, Inc. is the largest North American less-than-truckload (LTL) freight carrier, providing LTL transportation services, including FedEx Custom Critical and LTL Select, through a digitally enabled, integrated physical network. The business serves a diversified customer base across resilient, high‑growth industrial sectors, competing on safety, speed, reliability and technology-enabled service while generating stable margins and strong cash flow.
Average Trading Volume: 1,774,593
Technical Sentiment Signal: Buy
Current Market Cap: $89.82B
Find detailed analytics on FDX stock on TipRanks’ Stock Analysis page.