FedEx - FDX Stock Forecast, Price & News

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 e-commerce 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, 2021, this segment had approximately 29,000 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 function 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 an array of document and business services, and retail access to its customers for its package transportation businesses. The company was founded in 1971 and is based in Memphis, Tennessee.

FedEx Price Performance

Shares of NYSE:FDX opened at $238.22 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.81. FedEx has a 52 week low of $192.82 and a 52 week high of $280.50. The stock has a market cap of $61.92 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.84 and a beta of 1.19. The company's 50-day moving average price is $227.72 and its 200 day moving average price is $221.01.

FedEx (NYSE:FDX - Get Rating) last posted its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 EPS for the quarter, missing the consensus estimate of $6.91 by ($0.04). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The business had revenue of $24.39 billion during the quarter, compared to analysts' expectations of $24.28 billion. During the same quarter last year, the firm earned $5.01 EPS. As a group, research analysts forecast that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, September 1st. FedEx's dividend payout ratio (DPR) is presently 32.17%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FDX. KeyCorp boosted their target price on FedEx from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, June 30th. StockNews.com downgraded shares of FedEx from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft set a $320.00 target price on shares of FedEx in a research report on Thursday, June 30th. Credit Suisse Group set a $314.00 price target on FedEx in a report on Wednesday, August 10th. Finally, BMO Capital Markets lifted their price objective on FedEx from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $297.50.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane bought 607 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were purchased at an average cost of $228.12 per share, for a total transaction of $138,468.84. Following the transaction, the director now directly owns 686 shares in the company, valued at $156,490.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Amy B. Lane bought 607 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $228.12 per share, with a total value of $138,468.84. Following the completion of the transaction, the director now directly owns 686 shares in the company, valued at approximately $156,490.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert B. Carter sold 12,310 shares of the business's stock in a transaction on Friday, July 8th. The shares were sold at an average price of $230.61, for a total transaction of $2,838,809.10. Following the transaction, the executive vice president now owns 54,916 shares in the company, valued at $12,664,178.76. The disclosure for this sale can be found here. Insiders sold a total of 48,810 shares of company stock valued at $11,199,898 in the last quarter. Insiders own 8.62% of the company's stock.