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.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stephens upped their target price on FedEx from $285.00 to $295.00 and gave the company an "overweight" rating in a research report 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. Deutsche Bank Aktiengesellschaft set a $320.00 target price on shares of FedEx in a research report on Thursday, June 30th. StockNews.com downgraded FedEx from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 21st. Finally, Wells Fargo & Company upped their target price on FedEx from $277.00 to $282.00 and gave the stock an "overweight" rating in a research note on Friday, June 24th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $297.50.

FedEx Stock Down 2.5 %

FDX opened at $229.02 on Tuesday. The company has a market cap of $59.51 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. FedEx has a twelve month low of $192.82 and a twelve month high of $282.88. The company has a 50-day moving average price of $226.50 and a 200 day moving average price of $221.38. The company has a quick ratio of 1.38, a current ratio of 1.43 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 EPS for the quarter, missing the consensus estimate of $6.91 by ($0.04). The firm had revenue of $24.39 billion for 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 quarter in the previous year, the firm posted $5.01 earnings per share. Sell-side analysts expect that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 27th were issued a $1.15 dividend. This is an increase 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 yield of 2.01%. FedEx's dividend payout ratio is presently 32.17%.

Insiders Place Their Bets

In related news, EVP Jill Brannon sold 5,620 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $237.00, for a total value of $1,331,940.00. Following the completion of the sale, the executive vice president now owns 8,113 shares of the company's stock, valued at $1,922,781. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Jill Brannon sold 5,620 shares of the company's stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $237.00, for a total value of $1,331,940.00. Following the completion of the sale, the executive vice president now owns 8,113 shares of the company's stock, valued at $1,922,781. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert B. Carter sold 12,310 shares of FedEx stock in a transaction dated Friday, July 8th. The stock was 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 directly owns 54,916 shares in the company, valued at $12,664,178.76. The disclosure for this sale can be found here. Insiders have sold 37,575 shares of company stock valued at $8,628,768 in the last ninety days. 8.16% of the stock is currently owned by corporate insiders.