FedEx - FDX Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FDX shares.
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21 analysts have issued twelve-month price targets for FedEx's stock. Their FDX share price forecasts range from $125.00 to $333.00. On average, they anticipate the company's share price to reach $215.50 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
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FedEx's stock was trading at $258.64 on January 1st, 2022. Since then, FDX shares have decreased by 38.5% and is now trading at $159.12.
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FedEx saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,610,000 shares, an increase of 10.1% from the August 31st total of 3,280,000 shares. Based on an average daily volume of 2,850,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.5% of the shares of the company are sold short.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 15th 2022.
View our FDX earnings forecast.

FedEx Co. (NYSE:FDX) released its earnings results on Thursday, September, 22nd. The shipping service provider reported $3.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.14 by $1.70. The shipping service provider earned $23.20 billion during the quarter, compared to the consensus estimate of $23.78 billion. FedEx had a net margin of 3.79% and a trailing twelve-month return on equity of 20.95%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.37 earnings per share.
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FedEx declared a quarterly dividend on Friday, August 12th. Investors of record on Friday, September 2nd will be paid a dividend of $1.15 per share on Monday, October 3rd. This represents a $4.60 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for FDX.

FedEx (NYSE:FDX) pays an annual dividend of $4.60 per share and currently has a dividend yield of 3.04%. 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 24.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

FedEx declared that its board has approved a stock repurchase program on Thursday, December 16th 2021, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

FedEx issued an update on its first quarter 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of $3.44-$3.44 for the period, compared to the consensus earnings per share 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.

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.

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).

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

FedEx's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include M&R Capital Management Inc. (0.01%), Bowling Portfolio Management LLC (0.00%), Burns J W & Co. Inc. NY (0.00%), AdvisorNet Financial Inc (0.00%), Symmetry Partners LLC (0.00%) and Neville Rodie & Shaw Inc. (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.

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.
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One share of FDX stock can currently be purchased for approximately $159.12.

FedEx (NYSE:FDX) has a market capitalization of $41.41 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.

The company employs 249,000 workers across the globe.

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.