FedEx Stock Price, News & Analysis (NYSE:FDX)

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FDX shares.
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23 analysts have issued 1-year target prices for FedEx's shares. Their FDX share price targets range from $205.00 to $330.00. On average, they anticipate the company's share price to reach $282.54 in the next year. This suggests a possible upside of 11.5% 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 shares have increased by 46.3% and is now trading at $253.37.
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FedEx saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,730,000 shares, an increase of 20.7% from the October 31st total of 3,090,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.6% of the company's stock are sold short.
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 will be holding an earnings conference call on Tuesday, December 19th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

FedEx Co. (NYSE:FDX) posted its earnings results on Wednesday, September, 20th. The shipping service provider reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.44 EPS.
Read the conference call transcript.

FedEx announced a quarterly dividend on Friday, November 17th. Stockholders of record on Monday, December 11th will be given a dividend of $1.26 per share on Tuesday, January 2nd. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, December 8th.
Read our dividend analysis for FDX.

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 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 23.00% next year. This indicates that the company will be able to sustain or increase its dividend.
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 announced that its board has initiated a share repurchase program on Thursday, December 16th 2021, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

FedEx updated its FY 2024 earnings guidance on Wednesday, September, 20th. The company provided earnings per share guidance of $17.00-$18.50 for the period, compared to the consensus 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (5.20%), FMR LLC (1.62%), Morgan Stanley (1.29%), Invesco Ltd. (1.20%), Bank of New York Mellon Corp (1.02%) and Northern Trust Corp (0.94%). 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, Kim Jabal, 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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