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FedEx - FDX Stock Forecast, Price & News

$238.15
+4.94 (+2.12%)
(As of 08/16/2022 11:52 AM ET)
Add
Compare
Today's Range
$233.05
$238.19
50-Day Range
$200.98
$243.24
52-Week Range
$192.82
$282.88
Volume
39,348 shs
Average Volume
1.53 million shs
Market Capitalization
$61.90 billion
P/E Ratio
16.65
Dividend Yield
1.99%
Price Target
$297.50

FedEx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
27.0% Upside
$297.50 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.84
Upright™ Environmental Score
News Sentiment
0.42mentions of FedEx in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$11.20 M Sold Last Quarter
Proj. Earnings Growth
11.10%
From $23.16 to $25.73 Per Share

Overall MarketRank

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

3.50 out of 5 stars

Transportation Sector

1st out of 127 stocks

Air Courier Services Industry

1st out of 2 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 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.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com downgraded FedEx from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 21st. Barclays set a $320.00 price objective on shares of FedEx in a research report on Friday, June 24th. Credit Suisse Group set a $314.00 price target on shares of FedEx in a research report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft set a $320.00 price objective on shares of FedEx in a research note on Thursday, June 30th. Finally, Berenberg Bank lowered shares of FedEx from a "buy" rating to a "hold" rating and dropped their price target for the company from $333.00 to $275.00 in a research note on Friday, July 1st. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $297.50.

FedEx Stock Up 1.1 %

FedEx stock opened at $233.21 on Tuesday. The company has a market capitalization of $60.61 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.83 and a beta of 1.19. The firm's fifty day simple moving average is $227.38 and its 200-day simple moving average is $220.89. 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 1-year low of $192.82 and a 1-year high of $282.88.

FedEx (NYSE:FDX - Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share 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 the consensus estimate of $24.28 billion. FedEx had a net margin of 4.09% and a return on equity of 22.29%. During the same quarter in the prior year, the business posted $5.01 EPS. Sell-side analysts forecast that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 1.97%. FedEx's dividend payout ratio (DPR) is presently 32.17%.

Insider Buying and Selling

In other FedEx news, EVP Robert B. Carter sold 12,310 shares of the firm's stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $224.67, for a total value of $2,765,687.70. Following the sale, the executive vice president now directly owns 54,916 shares in the company, valued at approximately $12,337,977.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other FedEx news, Director Amy B. Lane bought 607 shares of the firm's stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $228.12 per share, for a total transaction of $138,468.84. Following the transaction, the director now owns 686 shares in the company, valued at $156,490.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert B. Carter sold 12,310 shares of FedEx stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $224.67, for a total transaction of $2,765,687.70. Following the sale, the executive vice president now owns 54,916 shares in the company, valued at $12,337,977.72. The disclosure for this sale can be found here. Insiders have sold 48,810 shares of company stock worth $11,199,898 in the last quarter. 8.62% of the stock is currently owned by company insiders.

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FDX Stock News Headlines

Is Ford About To Crush Workhorse Group?  (FDX)
A potential contract with FedEx has Ford shares in the spotlight but investors shouldn't count out Workhorse Group in the race for EV delivery.
The Five Hottest Calls From The Q2 Earnings Season  (FDX)
These are the five hottest analysts' calls of the 2nd quarter earnings reporting season and all stocks are set up for gains in the back half of the year.
Here’s How the Inflation Reduction Act Energizes Power Stock (FDX)
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022.
Is FedEx A Good Defensive Stock for Your Portfolio?
FedEx has diversified into industries that perform well in a recession. Its diversification makes it worth considering as a defensive stock pick.
Sam Howell kept Commanders fans at FedEx Field Saturday - USA Today
FedEx set to pilot Ford electric vans for deliveries
See More Headlines
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FDX Company Calendar

Last Earnings
6/23/2022
Ex-Dividend for 7/11 Dividend
6/24/2022
Dividend Payable
7/11/2022
Today
8/16/2022
Ex-Dividend for 10/3 Dividend
9/01/2022
Next Earnings (Confirmed)
9/22/2022
Dividend Payable
10/03/2022
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
$297.50
High Stock Price Forecast
$339.00
Low Stock Price Forecast
$255.00
Forecasted Upside/Downside
+24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
20 Analysts

Profitability

Net Income
$3.83 billion
Pretax Margin
5.24%

Debt

Sales & Book Value

Annual Sales
$93.51 billion
Cash Flow
$37.74 per share
Book Value
$96.22 per share

Miscellaneous

Free Float
237,504,000
Market Cap
$61.90 billion
Optionable
Optionable
Beta
1.19

Social Links















FDX Stock - Frequently Asked Questions

Should I buy or sell FedEx stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street 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 2022?

20 equities research analysts have issued 12 month price objectives for FedEx's stock. Their FDX share price forecasts range from $255.00 to $339.00. On average, they predict the company's share price to reach $297.50 in the next twelve months. This suggests a possible upside of 27.6% 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 start of the year. Since then, FDX stock has decreased by 9.8% and is now trading at $233.21.
View the best growth stocks for 2022 here
.

When is FedEx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
View our FDX earnings forecast
.

How can I listen to FedEx's earnings call?

FedEx will be holding an earnings conference call on Thursday, September 22nd at 5:30 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 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. The shipping service provider had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.28 billion. FedEx had a trailing twelve-month return on equity of 22.29% and a net margin of 4.09%. During the same period in the prior year, the company posted $5.01 EPS.
Read the conference call transcript
.

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

FedEx declared a quarterly dividend on Friday, August 12th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share on Monday, October 3rd. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 1st.
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 1.99%. 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 32.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 17.88% 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 has approved a stock buyback program on Thursday, December 16th 2021, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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

FedEx issued an update on its FY 2023 earnings guidance on Thursday, July, 21st. The company provided EPS guidance of $22.50-$24.50 for the period, compared to the consensus EPS estimate of $22.41. 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).

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 variety of retail and institutional investors. Top institutional investors include Dodge & Cox (6.71%), Primecap Management Co. CA (5.17%), State Street Corp (3.65%), FMR LLC (1.58%), Northern Trust Corp (0.97%) 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 $233.21.

How much money does FedEx make?

FedEx (NYSE:FDX) has a market capitalization of $60.61 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 $14.30 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, 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
When was FedEx founded?

FedEx was founded in 1971.

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 8/16/2022 by MarketBeat.com Staff

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