FedEx (FDX) Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FDX shares.
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22 analysts have issued 1 year price targets for FedEx's shares. Their FDX share price forecasts range from $165.00 to $330.00. On average, they expect the company's stock price to reach $272.04 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
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FedEx's stock was trading at $173.20 at the start of the year. Since then, FDX stock has increased by 54.8% and is now trading at $268.07.
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FedEx saw a decline in short interest in September. As of September 15th, there was short interest totaling 2,430,000 shares, a decline of 6.9% from the August 31st total of 2,610,000 shares. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.1% of the company's shares are short sold.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
View our FDX earnings forecast.

FedEx Co. (NYSE:FDX) posted its earnings results on Wednesday, September, 20th. The shipping service provider reported $4.55 EPS for the quarter, topping analysts' consensus estimates of $3.71 by $0.84. The shipping service provider had revenue of $21.68 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.71% and a trailing twelve-month return on equity of 16.14%. The business's revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $3.44 EPS.
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FedEx announced a quarterly dividend on Friday, August 18th. Shareholders of record on Monday, September 11th will be given a dividend of $1.26 per share on Monday, October 2nd. This represents a $5.04 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, September 8th.
Read our dividend analysis for FDX.

ETFs with the largest weight of FedEx (NYSE:FDX) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), Qraft AI-Enhanced Next Value ETF (NVQ), ProShares Supply Chain Logistics ETF (SUPL), iShares U.S. Transportation ETF (IYT), Pacer Industrials and Logistics ETF (SHPP), AdvisorShares Drone Technology ETF (UAV), Direxion Daily Transportation Bull 3X Shares (TPOR) and U.S. Global Sea to Sky Cargo ETF (SEA).

FedEx (NYSE:FDX) pays an annual dividend of $5.04 per share and currently has a dividend yield of 1.93%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 23.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

FedEx announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 16th 2021, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

FedEx updated its FY 2024 earnings guidance on Wednesday, September, 20th. The company provided EPS guidance of $17.00-$18.50 for the period, compared to the consensus earnings per share estimate of $17.50. The company issued revenue guidance of -.

2,546 employees have rated FedEx Chief Executive Officer Fred Smith on Glassdoor.com. Fred Smith has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other FedEx investors own include NVIDIA (NVDA), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Netflix (NFLX), Intel (INTC), Tesla (TSLA), Home Depot (HD), Johnson & Johnson (JNJ) and United Parcel Service (UPS).

FedEx trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDX."

FedEx's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (83.06%), BlackRock Inc. (6.43%), State Street Corp (3.69%), Geode Capital Management LLC (1.67%), Bank of New York Mellon Corp (1.03%) and Northern Trust Corp (0.91%). Insiders that own company stock include Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, Frederick W Smith, Henry J Maier, Jennifer L Johnson, Jill Brannon, John Alan Smith, John L Merino, Joshua Cooper Ramo, Kim Jabal, Mark R Allen, Michael C Lenz, Paul S Walsh, Philip Ryan Sr Barros, R Brad Martin, Rajesh Subramaniam, Robert B Carter, Robert B Carter, Shirley A Jackson, Stephen E Gorman, Susan C Schwab and Vincenzo J Vena.
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Shares of FDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FDX stock can currently be purchased for approximately $268.07.

FedEx (NYSE:FDX) has a market capitalization of $67.40 billion and generates $90.16 billion in revenue each year. The shipping service provider earns $3.97 billion in net income (profit) each year or $16.40 on an earnings per share basis.

The company employs 529,000 workers across the globe.

FedEx's mailing address is 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN, 38120. The official website for the company is www.fedex.com. The shipping service provider can be reached via phone at (901) 818-7500 or via email at ir@fedex.com.