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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays set a $320.00 target price on shares of FedEx in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft set a $320.00 price target on FedEx in a research report on Thursday, June 30th. KeyCorp raised their price target on FedEx from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, June 30th. UBS Group set a $312.00 price target on FedEx in a research report on Thursday, June 30th. Finally, Credit Suisse Group set a $314.00 price target on FedEx in a research report on Wednesday. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $297.50.

FedEx Stock Performance

Shares of FedEx stock opened at $232.45 on Thursday. The firm has a market cap of $60.40 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.85 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 has a 12 month low of $192.82 and a 12 month high of $282.88. The stock's fifty day moving average price is $226.51 and its 200-day moving average price is $221.40.

FedEx (NYSE:FDX - Get Rating) last announced 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 net margin of 4.09% and a return on equity of 22.29%. During the same quarter in the prior year, the business posted $5.01 EPS. On average, equities research analysts expect that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 27th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, June 24th. This is a positive change from FedEx's previous quarterly dividend of $0.75. FedEx's payout ratio is 32.17%.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction dated 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 transaction, the executive vice president now owns 8,113 shares in the company, valued at $1,922,781. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Amy B. Lane bought 607 shares of the business's stock in a transaction on Thursday, June 30th. The shares were bought at an average price of $228.12 per share, for a total transaction of $138,468.84. Following the completion of the purchase, the director now directly owns 686 shares of the company's stock, valued at $156,490.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jill Brannon sold 5,620 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 8,113 shares in the company, valued at approximately $1,922,781. The disclosure for this sale can be found here. Insiders have sold 37,575 shares of company stock worth $8,628,768 over the last quarter. Insiders own 8.16% of the company's stock.