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 Down 0.5 %

Shares of FDX Stock traded down $1.21 on Friday, hitting $234.89. The stock had a trading volume of 1,507,481 shares, compared to its average volume of 1,448,883. The firm has a market capitalization of $61.04 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.85 and a beta of 1.19. The stock's 50 day moving average is $226.31 and its 200-day moving average is $221.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. FedEx has a 52-week low of $192.82 and a 52-week high of $282.88.

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). The firm 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 quarter last year, the company posted $5.01 earnings per share. As a group, research analysts expect that FedEx will post 23.16 earnings per share for the current year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 27th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.96%. This is an increase from FedEx's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, June 24th. FedEx's dividend payout ratio is 32.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FDX shares. Barclays set a $320.00 price objective on shares of FedEx in a research note on Friday, June 24th. StockNews.com downgraded shares of FedEx from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, June 21st. Wells Fargo & Company upped their price target on FedEx from $277.00 to $282.00 and gave the stock an "overweight" rating in a research report on Friday, June 24th. Credit Suisse Group set a $314.00 price target on FedEx in a research report on Thursday, July 7th. Finally, Stephens upped their price target on FedEx from $285.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday, June 24th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.50.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Robert B. Carter sold 12,310 shares of the stock in a transaction on Friday, July 8th. The shares were 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 approximately $12,664,178.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FedEx news, EVP Jill Brannon sold 5,620 shares of the stock in a transaction on Friday, August 5th. The shares were 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 of the company's stock, valued at $1,922,781. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 12,310 shares of the stock in a transaction on 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 sale, 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 worth $8,628,768 in the last ninety days. 8.16% of the stock is owned by insiders.