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 Trading Down 1.8 %

Shares of FDX opened at $224.97 on Wednesday. The business's 50-day moving average price is $226.51 and its 200 day moving average price is $221.40. The stock has a market capitalization of $58.46 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.85 and a beta of 1.19. FedEx has a 1-year low of $192.82 and a 1-year high of $282.88. 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 (NYSE:FDX - Get Rating) last issued 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 company had revenue of $24.39 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $5.01 EPS. Analysts expect that FedEx will post 23.16 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 27th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.04%. The ex-dividend date was Friday, June 24th. This is a boost from FedEx's previous quarterly dividend of $0.75. FedEx's payout ratio is 32.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group set a $312.00 price objective on shares of FedEx in a research note on Thursday, June 30th. Barclays set a $320.00 price objective on shares of FedEx in a research note on Friday, June 24th. JPMorgan Chase & Co. set a $284.00 price objective on shares of FedEx in a research note on Thursday, June 30th. Morgan Stanley increased their price objective on shares of FedEx from $245.00 to $255.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 5th. Finally, Bank of America upped their target price on shares of FedEx from $276.00 to $287.00 in a report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $297.50.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $237.00, for a total transaction of $1,331,940.00. Following the transaction, the executive vice president now owns 8,113 shares of the company's stock, valued at approximately $1,922,781. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FedEx news, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $237.00, for a total transaction of $1,331,940.00. Following the transaction, the executive vice president now owns 8,113 shares of the company's stock, valued at approximately $1,922,781. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vincenzo J. Vena bought 900 shares of the stock in a transaction on Wednesday, July 6th. The shares were acquired at an average cost of $230.04 per share, for a total transaction of $207,036.00. Following the purchase, the director now owns 1,325 shares in the company, valued at $304,803. The disclosure for this purchase can be found here. Insiders have sold a total of 37,575 shares of company stock valued at $8,628,768 in the last 90 days. 8.16% of the stock is currently owned by corporate insiders.