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 Stock Down 1.8 %

NYSE:FDX traded down $4.33 during midday trading on Monday, reaching $230.56. 45,663 shares of the stock traded hands, compared to its average volume of 2,414,946. The stock has a market capitalization of $59.91 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. FedEx has a 12-month low of $192.82 and a 12-month high of $282.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. The business has a 50-day moving average of $226.31 and a two-hundred day moving average of $221.49.

FedEx (NYSE:FDX - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.91 by ($0.04). The business had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.28 billion. FedEx had a return on equity of 22.29% and a net margin of 4.09%. During the same period in the previous year, the company posted $5.01 earnings per share. On average, equities analysts forecast that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Monday, June 27th were paid a dividend of $1.15 per share. This is a positive change from FedEx's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, June 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.00%. FedEx's payout ratio is presently 32.17%.

Analysts Set New Price Targets

Several research analysts recently commented on FDX shares. Bank of America raised their price target on shares of FedEx from $276.00 to $287.00 in a research note on Thursday, June 30th. JPMorgan Chase & Co. set a $284.00 target price on shares of FedEx in a research report on Thursday, June 30th. The Goldman Sachs Group lowered their price target on FedEx from $331.00 to $291.00 and set a "buy" rating for the company in a report on Tuesday, June 7th. Deutsche Bank Aktiengesellschaft set a $320.00 price objective on FedEx in a report on Thursday, June 30th. Finally, Morgan Stanley upped their target price on FedEx from $245.00 to $255.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $297.50.

Insider Activity

In related news, EVP Robert B. Carter sold 12,310 shares of FedEx stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $230.61, for a total value of $2,838,809.10. Following the completion of the sale, the executive vice president now directly owns 54,916 shares in the company, valued at approximately $12,664,178.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amy B. Lane acquired 607 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $228.12 per share, with a total value of $138,468.84. Following the completion of the acquisition, the director now directly owns 686 shares of the company's stock, valued at $156,490.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert B. Carter sold 12,310 shares of the firm's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $230.61, for a total value of $2,838,809.10. Following the completion of the transaction, the executive vice president now owns 54,916 shares of the company's stock, valued at approximately $12,664,178.76. The disclosure for this sale can be found here. Insiders have sold a total of 37,575 shares of company stock worth $8,628,768 over the last 90 days. 8.16% of the stock is currently owned by corporate insiders.