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NYSE:FDX

FedEx (FDX) Stock Price, News & Analysis

$252.28
-2.43 (-0.95%)
(As of 05/21/2024 ET)
Today's Range
$250.95
$254.80
50-Day Range
$252.28
$289.74
52-Week Range
$213.80
$291.27
Volume
1.03 million shs
Average Volume
1.89 million shs
Market Capitalization
$62.08 billion
P/E Ratio
14.55
Dividend Yield
2.00%
Price Target
$301.33

FedEx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
19.3% Upside
$301.07 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.80
Upright™ Environmental Score
News Sentiment
0.55mentions of FedEx in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$37.76 M Sold Last Quarter
Proj. Earnings Growth
15.93%
From $17.70 to $20.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Transportation Sector

12th out of 111 stocks

Air Courier Services Industry

1st out of 3 stocks

FDX stock logo

About FedEx Stock (NYSE:FDX)

FedEx Corporation is a global courier delivery services company headquartered in Memphis, Tennessee, USA. Founded in 1971, it is one of the largest logistics companies in the world, with operations in over 220 countries and territories. FedEx offers various services, including express shipping, ground shipping, freight forwarding, and e-commerce solutions. The company has over 600 aircraft and more than 180,000 vehicles in its fleet and employs over 600,000 people worldwide.

Frederick W. Smith is the founder and Chief Executive Officer of FedEx Corporation. He has been at the company's helm since its inception and has been instrumental in its growth and success. In 2022 Frederick Smith passed the baton to Raj Subramaniam. Raj Subramaniam has over thirty years of leadership experience and moved into the CEO role from his role as Chief Operating Officer (COO). In recent years, the company has made a few critical changes in its leadership team, including the appointment of Lance Moll as President and CEO of FedEx Freight in 2020, who started his career as a manager at a FedEx distribution center. 

FedEx reported that revenue has risen at an excellent pace yearly for several years. Net income, while only a fraction of revenue, is pacing in growth with the revenue. This is due to FedEx maintaining a healthy profit margin, with a net profit margin of approximately 3.5%. The company has also been actively managing debt to reduce its debt levels. Total assets on hand are robust enough to cover total liabilities within the company. FedEx has a price-to-earnings ratio lower than the industry average and a price-to-book ratio lower than the industry average. These valuation metrics suggest that the company's stock may be undervalued compared to its peers. FedEx's stock had performed well in recent years, with the stock price recovering from a tumble in 2022 when FedEx pulled its earnings forecast due to worsening business conditions. 

FedEx operates in the highly competitive logistics and courier delivery services industry with low margins and intense competition. The company faces competition from established players like UPS and DHL and newer entrants like Amazon, which has been expanding its delivery network. The industry is also subject to regulatory and political pressures, such as changes in trade policies and tariffs, which can impact the flow of goods across borders.

Despite the challenges in the industry, FedEx has several growth opportunities. The company has expanded its e-commerce capabilities by acquiring ShopRunner, a membership-based e-commerce platform, in 2021. The company has also invested in autonomous delivery technology, launching the FedEx SameDay Bot, designed to make deliveries in urban areas. In addition, the company has been expanding its presence in healthcare logistics by acquiring Cargex in 2021.

Several risks and challenges could impact FedEx's future growth prospects. One significant risk is the potential for changes in consumer preferences, particularly with the growth of online shopping and the increasing demand for faster and more convenient delivery options. The company also faces regulatory risks, particularly with changes in trade policies and tariffs. Competitive pressures are also a significant challenge, with Amazon expanding its delivery network and other logistics companies competing for market share. Finally, the company is also subject to risks related to its operations, such as disruptions to its supply chain or the impact of natural disasters on its infrastructure.

FDX Stock Price History

FDX Stock News Headlines

Peeling Back The Layers: Exploring FedEx Through Analyst Insights
FedEx Corporation (FDX)
Bank of America Securities Keeps Their Buy Rating on FedEx (FDX)
FDX Oct 2024 185.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/08/2024
Last Earnings
3/21/2024
Dividend Payable
4/01/2024
Today
5/21/2024
Fiscal Year End
5/31/2024
Next Earnings (Confirmed)
6/25/2024

Industry, Sector and Symbol

Industry
Air courier services
Sub-Industry
Air Freight & Logistics
CUSIP
31428X10
Fax
N/A
Employees
529,000
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$301.07
High Stock Price Target
$351.00
Low Stock Price Target
$210.00
Potential Upside/Downside
+19.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
25 Analysts

Profitability

Net Income
$3.97 billion
Pretax Margin
6.79%

Debt

Sales & Book Value

Annual Sales
$90.16 billion
Cash Flow
$31.61 per share
Book Value
$103.43 per share

Miscellaneous

Free Float
224,598,000
Market Cap
$62.08 billion
Optionable
Optionable
Beta
1.23

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FDX Stock Analysis - Frequently Asked Questions

Should I buy or sell FedEx stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 1 sell rating, 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FDX shares.
View FDX analyst ratings
or view top-rated stocks.

What is FedEx's stock price target for 2024?

25 brokers have issued 12-month price objectives for FedEx's shares. Their FDX share price targets range from $210.00 to $351.00. On average, they predict the company's stock price to reach $301.07 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for FDX
or view top-rated stocks among Wall Street analysts.

How have FDX shares performed in 2024?

FedEx's stock was trading at $252.97 at the beginning of the year. Since then, FDX stock has decreased by 0.3% and is now trading at $252.28.
View the best growth stocks for 2024 here
.

Are investors shorting FedEx?

FedEx saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,140,000 shares, an increase of 20.3% from the March 31st total of 3,440,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the company's stock are sold short.
View FedEx's Short Interest
.

When is FedEx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 25th 2024.
View our FDX earnings forecast
.

How can I listen to FedEx's earnings call?

FedEx will be holding an earnings conference call on Tuesday, June 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were FedEx's earnings last quarter?

FedEx Co. (NYSE:FDX) released its quarterly earnings results on Thursday, March, 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $0.37. The shipping service provider had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a net margin of 5.02% and a trailing twelve-month return on equity of 16.60%. FedEx's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.41 earnings per share.
Read the conference call transcript
.

How often does FedEx pay dividends? What is the dividend yield for FedEx?

FedEx announced a quarterly dividend on Friday, February 16th. Stockholders of record on Monday, March 11th will be paid a dividend of $1.26 per share on Monday, April 1st. This represents a $5.04 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, March 8th.
Read our dividend analysis for FDX
.

Is FedEx a good dividend stock?

FedEx (NYSE:FDX) pays an annual dividend of $5.04 per share and currently has a dividend yield of 1.96%. 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 29.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 24.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

How will FedEx's stock buyback program work?

FedEx declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 21st 2024, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

What guidance has FedEx issued on next quarter's earnings?

FedEx updated its FY 2024 earnings guidance on Thursday, March, 21st. The company provided EPS guidance of 17.250-18.250 for the period, compared to the consensus estimate of 17.400. The company issued revenue guidance of -.

What is Fred Smith's approval rating as FedEx's CEO?

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.

What other stocks do shareholders of FedEx own?

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).

Who are FedEx's major shareholders?

FedEx's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.07%), Capital International Investors (3.59%), Bank of New York Mellon Corp (1.07%), Mawer Investment Management Ltd. (0.92%), LSV Asset Management (0.58%) and Mizuho Markets Americas LLC (0.55%). Insiders that own company stock include Amy B Lane, Brie Carere, David P Steiner, Frederick W Smith, Guy M Erwin II, Jennifer L Johnson, Jill Brannon, John Alan Smith, John W Dietrich, Mark R Allen, Michael C Lenz, Paul S Walsh, R Brad Martin, Rajesh Subramaniam, Richard W Smith, Robert B Carter, Robert B Carter, Sriram Krishnasamy, Stephen E Gorman, Susan C Schwab, Tracy B Brightman and Vincenzo J Vena.
View institutional ownership trends
.

How do I buy shares of FedEx?

Shares of FDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does FedEx have any subsidiaries?
The following companies are subsidiares of FedEx: A.C.N. 003 100 052 Pty Ltd, ANC Holdings, American Freightways, Bongo International, CALIBRE, Capital Returns Inc., Cargex, Controlled Opportunity and Risk Insurance Company, FCJI Inc., FedEx Acquisition B.V., FedEx Corporate Services Inc., FedEx Cross Border (UK), FedEx Cross Border Technologies Inc., FedEx Custom Critical Inc., FedEx Express Australia Pty. Ltd, FedEx Express BE BV, FedEx Express Belgium International BV, FedEx Express Belgium SRL, FedEx Express Chile SpA, FedEx Express FR SAS, FedEx Express Germany GmbH, FedEx Express Greece Single Member L.L.C., FedEx Express Holding Netherlands B.V., FedEx Express Hungary Kft., FedEx Express International B.V., FedEx Express International Holding Inc., FedEx Express Italy S.r.l., FedEx Express Netherlands B.V., FedEx Express Netherlands Holding Inc., FedEx Express New Zealand, FedEx Express Poland Sp. z.o.o., FedEx Express Servicios de Capital Humano S. de R.L. de C.V., FedEx Express South Africa (Pty) Ltd, FedEx Express Switzerland Sarl, FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd., FedEx Express UK Transportation Limited, FedEx Freight Canada Corp., FedEx Freight Corporation, FedEx Freight Inc., FedEx Ground Package System Inc., FedEx Ground Package System Ltd., FedEx Kinko’s International, FedEx Logistics Inc., FedEx Luxembourg S.à r.l., FedEx Office Canada Corporation, FedEx Office and Print Services Inc., FedEx SmartPost, FedEx Supply Chain Distribution System Inc., FedEx Supply Chain Holdings Inc., FedEx Trade Networks Trade Services LLC, FedEx Trade Networks Transport & Brokerage (Canada) Inc., FedEx Trade Networks Transport & Brokerage (Hong Kong) Limited, FedEx Trade Networks Transport & Brokerage Inc., FedEx Trade Networks Transport & Brokerage Private Limited, FedEx Transport System GmbH, FedEx UK Holdings Limited, FedEx UK Limited, FedEx de México S. de R.L. de C.V., Federal Express (China) Company Limited, Federal Express (Hong Kong) Limited, Federal Express (Singapore) Pte. Ltd., Federal Express Canada Corporation, Federal Express Corporation, Federal Express Europe Inc., Federal Express Holding US 3 LLC, Federal Express Holding US 6 LLC, Federal Express Holding US 7 LLC, Federal Express Holding US 8 LLC, Federal Express Holdings (Mexico) y Compania S.N.C. de C.V., Federal Express Holdings S.A. LLC, Federal Express International (France) SNC, Federal Express International Inc., Federal Express Japan G.K., Federal Express Korea LLC, Federal Express Leasing Corporation, Federal Express Pacific LLC, Fedex Brasil Logistica e Transporte Ltda., Flying Cargo, Flying Tiger Line, GD Insurance Company DAC, GENCO Infrastructure Solutions Inc., GENCO Marketplace Inc., Genco, Manton Air-Sea Pty Ltd., Northwest Research, Northwest Research Inc., Opek, P2P Mailing Limited, Pafex - FedEx Express Services (India) Pvt. Ltd., Rapidao Cometa, Servicios Nacionales Mupa Sa De Cv, ShopRunner, Supaswift (Delivery and Logistics Businesses), TATEX, TNT (H.K.) Limited, TNT (UAE) LLC, TNT Danmark ApS, TNT Express, TNT Express (Ireland) Limited, TNT Express Beteiligungsgesellschaft mbH, TNT Express GmbH, TNT Express Holdings Germany GmbH, TNT Express ICS Limited, TNT Express Nederland B.V., TNT Express Road Network B.V., TNT Express Worldwide (China) Limited, TNT Express Worldwide (Euro Hub) SRL, TNT Express Worldwide (HK) Limited, TNT Express Worldwide (Japan) G.K., TNT Express Worldwide (M) Sdn Bhd, TNT Express Worldwide (Portugal) Transitarios Transportes e Servicos Complementares Unipessoal Lda, TNT Express Worldwide (Singapore) Private Limited, TNT Express Worldwide (Spain) S.L., TNT Express Worldwide Investments Limited, TNT Express Worldwide spol s.r.o, TNT Finance B.V., TNT GRS 2008 Limited, TNT Global Express S.R.L., TNT Grundstucksgesellschaft mbH & Co. KG, TNT Holdings (Deutschland) GmbH, TNT Holdings (UK) Limited, TNT Holdings B.V., TNT India Private Limited, TNT International Express Tasimacilik Ticaret Limited Sirketi, TNT Mercurio Cargas e Encomendas Expressas Ltda., TNT Nederland B.V., TNT Suomi Oy, TNT Sverige Aktiebolag, TNT Swiss Post GmbH, TNT Transport International B.V., TNT Transport Limited, TNT USA LLC, Tower Group International, Watkins Motor Lines, and World Tariff Limited.
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This page (NYSE:FDX) was last updated on 5/21/2024 by MarketBeat.com Staff

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