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 Up 0.6 %

FDX traded up $1.44 on Friday, reaching $230.68. The company's stock had a trading volume of 1,680,693 shares, compared to its average volume of 1,505,579. The stock has a market cap of $59.96 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.83 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 debt-to-equity ratio of 0.81, a current ratio of 1.43 and a quick ratio of 1.38. The business's 50 day moving average is $227.18 and its 200 day moving average is $221.12.

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 analysts' consensus estimates of $6.91 by ($0.04). The business had revenue of $24.39 billion during the quarter, compared to analysts' expectations of $24.28 billion. FedEx had a net margin of 4.09% and a return on equity of 22.29%. During the same period in the prior year, the company posted $5.01 EPS. As a group, research analysts forecast that FedEx will post 23.16 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. FedEx's dividend payout ratio is presently 32.17%.

Analyst Ratings Changes

FDX has been the topic of a number of recent analyst reports. Stephens boosted their price target on shares of FedEx from $285.00 to $295.00 and gave the stock an "overweight" rating in a research note on Friday, June 24th. JPMorgan Chase & Co. set a $284.00 price target on FedEx in a report on Thursday, June 30th. StockNews.com lowered FedEx from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 21st. Bank of America raised their target price on FedEx from $276.00 to $287.00 in a report on Thursday, June 30th. Finally, Wells Fargo & Company upped their price target on shares of FedEx from $277.00 to $282.00 and gave the stock an "overweight" rating in a research note on Friday, June 24th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $297.50.

Insiders Place Their Bets

In other 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 transaction of $1,331,940.00. Following the sale, the executive vice president now directly owns 8,113 shares in the company, valued at approximately $1,922,781. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FedEx news, EVP Jill Brannon sold 5,620 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now owns 8,113 shares in the company, valued at $1,922,781. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael C. Lenz sold 7,335 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $230.72, for a total transaction of $1,692,331.20. Following the completion of the sale, the executive vice president now owns 18,251 shares in the company, valued at approximately $4,210,870.72. The disclosure for this sale can be found here. Insiders have sold a total of 48,810 shares of company stock valued at $11,199,898 in the last quarter. Insiders own 8.16% of the company's stock.