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 analysts have recently commented on the company. StockNews.com downgraded FedEx from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 21st. Barclays set a $320.00 price objective on shares of FedEx in a research report on Friday, June 24th. Credit Suisse Group set a $314.00 price target on shares of FedEx in a research report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft set a $320.00 price objective on shares of FedEx in a research note on Thursday, June 30th. Finally, Berenberg Bank lowered shares of FedEx from a "buy" rating to a "hold" rating and dropped their price target for the company from $333.00 to $275.00 in a research note on Friday, July 1st. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $297.50.

FedEx Stock Up 1.1 %

FedEx stock opened at $233.21 on Tuesday. The company has a market capitalization of $60.61 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.83 and a beta of 1.19. The firm's fifty day simple moving average is $227.38 and its 200-day simple moving average is $220.89. 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 1-year low of $192.82 and a 1-year high of $282.88.

FedEx (NYSE:FDX - Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.91 by ($0.04). The business had revenue of $24.39 billion for the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that FedEx will post 23.16 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 1.97%. FedEx's dividend payout ratio (DPR) is presently 32.17%.

Insider Buying and Selling

In other FedEx news, EVP Robert B. Carter sold 12,310 shares of the firm's stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $224.67, for a total value of $2,765,687.70. Following the sale, the executive vice president now directly owns 54,916 shares in the company, valued at approximately $12,337,977.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other FedEx news, Director Amy B. Lane bought 607 shares of the firm's stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $228.12 per share, for a total transaction of $138,468.84. Following the transaction, the director now owns 686 shares in the company, valued at $156,490.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert B. Carter sold 12,310 shares of FedEx stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $224.67, for a total transaction of $2,765,687.70. Following the sale, the executive vice president now owns 54,916 shares in the company, valued at $12,337,977.72. The disclosure for this sale can be found here. Insiders have sold 48,810 shares of company stock worth $11,199,898 in the last quarter. 8.62% of the stock is currently owned by company insiders.