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FedEx - FDX Stock Forecast, Price & News

$172.84
-3.76 (-2.13%)
(As of 12/6/2022 12:15 PM ET)
Add
Compare
Today's Range
$171.09
$177.09
50-Day Range
$144.95
$182.22
52-Week Range
$141.92
$266.79
Volume
74,764 shs
Average Volume
2.39 million shs
Market Capitalization
$44.98 billion
P/E Ratio
12.77
Dividend Yield
2.54%
Price Target
$204.24

FedEx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.2% Upside
$204.24 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.05
Upright™ Environmental Score
News Sentiment
-0.03mentions of FedEx in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$215,115 Bought Last Quarter
Proj. Earnings Growth
21.25%
From $14.35 to $17.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.98 out of 5 stars

Transportation Sector

3rd out of 123 stocks

Air Courier Services Industry

1st out of 3 stocks

FDX stock logo

About FedEx (NYSE:FDX) Stock

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2022, this segment had approximately 30,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and document and business services, as well as retail access to its customers for its package transportation businesses. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.

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FDX Stock News Headlines

A rail strike looms and impact on US economy could be broad
American consumers and nearly every industry will be affected if freight trains grind to a halt next month
EXPLAINER: Rail strike would have wide impact on US economy
American consumers and nearly every industry will be affected if freight trains grind to a halt next month
Carriers feeling cheery about on-time holiday deliveries
The nation’s major shipping companies are in good shape to get shoppers’ packages delivered on time this holiday season
Many vets are landing jobs, but the transition can be tough
The U.S. is celebrating Veterans Day at a time when the nation is experiencing some of its lowest monthly veteran unemployment rates on record
Direct Relief and FedEx Fight Cholera Outbreak in Haiti
Morgan Stanley Boosts FedEx (NYSE:FDX) Price Target to $130.00
FedEx (NYSE:FDX) Price Target Raised to $190.00 at Citigroup
Announcing the 2022 Giving Tuesday Grant Contest Winners
Why FedEx Stock Jumped 13% in November
Is the post office open on Black Friday? Are banks open?
US employers slow down hiring before holiday shopping rush
FedEx: Is The Stock Worth It After The Huge Plunge?
See More Headlines
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FDX Company Calendar

Ex-Dividend for 10/3 Dividend
9/01/2022
Last Earnings
9/22/2022
Dividend Payable
10/03/2022
Today
12/06/2022
Ex-Dividend for 1/3 Dividend
12/09/2022
Next Earnings (Estimated)
12/15/2022
Dividend Payable
1/03/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Air courier services
Sub-Industry
Air Freight & Logistics
CUSIP
31428X10
Fax
N/A
Employees
249,000
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$204.24
High Stock Price Forecast
$333.00
Low Stock Price Forecast
$130.00
Forecasted Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
22 Analysts

Profitability

Net Income
$3.83 billion
Pretax Margin
4.85%

Debt

Sales & Book Value

Annual Sales
$93.51 billion
Cash Flow
$34.85 per share
Book Value
$96.22 per share

Miscellaneous

Free Float
237,789,000
Market Cap
$44.98 billion
Optionable
Optionable
Beta
1.33

Social Links


Key Executives

  • Mr. Frederick W. SmithMr. Frederick W. Smith (Age 78)
    Founder & Exec. Chairman
    Comp: $3.44M
  • Mr. Rajesh SubramaniamMr. Rajesh Subramaniam (Age 56)
    Pres, CEO & Director
    Comp: $2.4M
  • Mr. Michael C. LenzMr. Michael C. Lenz (Age 58)
    Exec. VP & CFO
    Comp: $1.7M
  • Mr. Robert Barber Carter (Age 62)
    Exec. VP of FedEx Information Services & Chief Information Officer
    Comp: $1.87M
  • Ms. Jennifer L. Johnson (Age 49)
    Corp. VP & Principal Accounting Officer
  • Arthur M. Foster
    VP of Investor Relations
  • Mr. Mark R. AllenMr. Mark R. Allen (Age 66)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Jill C. BrannonMs. Jill C. Brannon (Age 59)
    Exec. VP & Chief Sales Officer
  • Mr. Chris Winton
    Corp. VP of HR
  • Ms. Carla Boyd
    Head of Products & Services - FedEx Express and FedEx Services













FDX Stock - Frequently Asked Questions

Should I buy or sell FedEx stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 11 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FDX shares.
View FDX analyst ratings
or view top-rated stocks.

What is FedEx's stock price forecast for 2023?

22 brokerages have issued twelve-month price objectives for FedEx's stock. Their FDX share price forecasts range from $130.00 to $333.00. On average, they expect the company's share price to reach $204.24 in the next twelve months. This suggests a possible upside of 15.7% 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 2022?

FedEx's stock was trading at $258.64 at the beginning of the year. Since then, FDX shares have decreased by 31.7% and is now trading at $176.60.
View the best growth stocks for 2022 here
.

Are investors shorting FedEx?

FedEx saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 5,570,000 shares, a drop of 29.3% from the October 31st total of 7,880,000 shares. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.3% of the shares of the company 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 Thursday, December 15th 2022.
View our FDX earnings forecast
.

How were FedEx's earnings last quarter?

FedEx Co. (NYSE:FDX) released its quarterly earnings results on Thursday, September, 22nd. The shipping service provider reported $3.44 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.01. The shipping service provider earned $23.20 billion during the quarter, compared to analysts' expectations of $23.78 billion. FedEx had a trailing twelve-month return on equity of 20.95% and a net margin of 3.79%. FedEx's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $4.37 EPS.
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, November 18th. Stockholders of record on Monday, December 12th will be paid a dividend of $1.15 per share on Tuesday, January 3rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for FDX
.

Is FedEx a good dividend stock?

FedEx (NYSE:FDX) pays an annual dividend of $4.60 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 26.44% 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 announced that its Board of Directors has authorized a stock buyback program on Thursday, December 16th 2021, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase 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 shares are undervalued.

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

FedEx issued an update on its first quarter 2023 earnings guidance on Thursday, October, 20th. The company provided earnings per share guidance of $3.44-$3.44 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $23.20 billion-$23.20 billion, compared to the consensus revenue estimate of $23.58 billion.

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).

What is FedEx's stock symbol?

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

Who are FedEx's major shareholders?

FedEx's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.24%), BlackRock Inc. (6.46%), Primecap Management Co. CA (5.33%), State Street Corp (3.65%), Price T Rowe Associates Inc. MD (1.56%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Alan B Graf Jr, Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, Frederick W Smith, Frederick W Smith, Henry J Maier, Jill Brannon, John A Edwardson, John Alan Smith, John L Merino, Joshua Cooper Ramo, Kim Jabal, Mark R Allen, Marvin R Ellison, Michael C Lenz, Paul S Walsh, Philip Ryan Sr Barros, R Brad Martin, Rajesh Subramaniam, Robert B Carter, Robert B Carter, Shirley A Jackson, Susan C Schwab 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is FedEx's stock price today?

One share of FDX stock can currently be purchased for approximately $176.60.

How much money does FedEx make?

FedEx (NYSE:FDX) has a market capitalization of $45.95 billion and generates $93.51 billion in revenue each year. The shipping service provider earns $3.83 billion in net income (profit) each year or $13.54 on an earnings per share basis.

How many employees does FedEx have?

The company employs 249,000 workers across the globe.

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.
Read More
How can I contact FedEx?

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.

This page (NYSE:FDX) was last updated on 12/6/2022 by MarketBeat.com Staff