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 Upgrades and Downgrades

A number of research firms recently weighed in on FDX. Deutsche Bank Aktiengesellschaft set a $320.00 price target on shares of FedEx in a research report on Thursday, June 30th. JPMorgan Chase & Co. set a $284.00 price target on shares of FedEx in a research report on Thursday, June 30th. Barclays set a $320.00 price target on shares of FedEx in a research report on Friday, June 24th. StockNews.com lowered shares of FedEx from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 21st. Finally, The Goldman Sachs Group lowered their price target on shares of FedEx from $331.00 to $291.00 and set a "buy" rating on the stock in a research report on Tuesday, June 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $297.50.

FedEx Stock Down 1.3 %

FDX traded down $3.14 during trading hours on Friday, hitting $231.73. 1,242,235 shares of the company's stock were exchanged, compared to its average volume of 2,384,612. FedEx has a 12-month low of $192.82 and a 12-month high of $271.85. The firm has a 50 day moving average of $228.40 and a 200 day moving average of $221.02. The firm has a market cap of $60.23 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.19. 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 announced its earnings results 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). FedEx had a return on equity of 22.29% and a net margin of 4.09%. The business had revenue of $24.39 billion for the quarter, compared to analysts' expectations of $24.28 billion. During the same period in the previous year, the company earned $5.01 earnings per share. Analysts predict that FedEx will post 23.16 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 1st. FedEx's payout ratio is currently 32.17%.

Insider Buying and Selling

In other FedEx news, Director Amy B. Lane bought 607 shares of the business's stock in a transaction that occurred on Thursday, June 30th. The shares were purchased at an average cost of $228.12 per share, with a total value of $138,468.84. Following the purchase, the director now directly owns 686 shares in the company, valued at $156,490.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Amy B. Lane purchased 607 shares of the stock in a transaction on Thursday, June 30th. The stock was bought at an average price of $228.12 per share, for a total transaction of $138,468.84. Following the acquisition, the director now directly owns 686 shares of the company's stock, valued at approximately $156,490.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vincenzo J. Vena purchased 900 shares of the stock in a transaction on Wednesday, July 6th. The shares were purchased at an average price of $230.04 per share, with a total value of $207,036.00. Following the acquisition, the director now directly 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 48,810 shares of company stock valued at $11,199,898 in the last ninety days. Company insiders own 8.62% of the company's stock.