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.

Wall Street Analyst Weigh In

A number of analysts recently commented on FDX shares. Bank of America upped their price target on shares of FedEx from $276.00 to $287.00 in a research note on Thursday, June 30th. Credit Suisse Group set a $314.00 price objective on FedEx in a research note on Wednesday. StockNews.com lowered FedEx from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, June 21st. Wells Fargo & Company boosted their price objective on FedEx from $277.00 to $282.00 and gave the company an "overweight" rating in a research note on Friday, June 24th. Finally, Deutsche Bank Aktiengesellschaft set a $320.00 target price on FedEx in a research note on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, FedEx presently has an average rating of "Moderate Buy" and an average price target of $297.50.

FedEx Trading Up 0.6 %

NYSE:FDX traded up $1.44 on Friday, hitting $230.68. The company's stock had a trading volume of 1,678,715 shares, compared to its average volume of 2,415,212. FedEx has a 52-week low of $192.82 and a 52-week 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. The company's 50-day simple moving average is $226.94 and its 200 day simple moving average is $221.36. The firm has a market cap of $59.94 billion, a P/E ratio of 16.13, a PEG ratio of 0.84 and a beta of 1.19.

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

FedEx Dividend Announcement

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

Insider Activity

In other FedEx news, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction 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 completion of the transaction, 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 can be accessed through this link. In other FedEx news, EVP Brie Carere sold 11,235 shares of FedEx stock in a transaction on Friday, August 12th. The stock was sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the completion of the transaction, the executive vice president now owns 16,366 shares in the company, valued at $3,745,359.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction 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 transaction, the executive vice president now owns 8,113 shares of the company's stock, valued at approximately $1,922,781. The disclosure for this sale can be found here. Insiders sold a total of 48,810 shares of company stock worth $11,199,898 in the last quarter. 8.16% of the stock is owned by company insiders.