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

Several brokerages have issued reports on FDX. Credit Suisse Group set a $314.00 price target on shares of FedEx in a report on Wednesday, August 10th. Berenberg Bank downgraded FedEx from a "buy" rating to a "hold" rating and dropped their price target for the stock from $333.00 to $275.00 in a research report on Friday, July 1st. UBS Group set a $312.00 price objective on FedEx in a research note on Thursday, June 30th. Deutsche Bank Aktiengesellschaft set a $320.00 target price on shares of FedEx in a research note on Thursday, June 30th. Finally, Morgan Stanley raised their price target on shares of FedEx from $245.00 to $255.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $297.50.

FedEx Stock Performance

Shares of FDX Stock opened at $233.42 on Thursday. 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 has a market cap of $60.67 billion, a PE ratio of 16.32, a P/E/G ratio of 0.86 and a beta of 1.19. The company's fifty day simple moving average is $228.05 and its 200-day simple moving average is $221.10. FedEx has a 52 week low of $192.82 and a 52 week high of $277.63.

FedEx (NYSE:FDX - Get Rating) last issued its quarterly earnings data on Thursday, June 23rd. The shipping service provider reported $6.87 EPS for the quarter, missing analysts' consensus estimates of $6.91 by ($0.04). FedEx had a return on equity of 22.29% and a net margin of 4.09%. The company had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.28 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. As a group, equities research analysts anticipate that FedEx will post 23.16 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.97%. FedEx's dividend payout ratio is currently 32.17%.

Insider Transactions at FedEx

In related news, 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 transaction of $1,331,940.00. Following the sale, the executive vice president now owns 8,113 shares of the company's stock, valued at approximately $1,922,781. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Brie Carere sold 11,235 shares of the company's stock in a transaction on Friday, August 12th. The shares were sold at an average price of $228.85, for a total value of $2,571,129.75. Following the sale, the executive vice president now directly owns 16,366 shares of the company's stock, valued at $3,745,359.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jill Brannon sold 5,620 shares of the firm's 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 transaction, the executive vice president now directly owns 8,113 shares of the company's stock, valued at $1,922,781. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,810 shares of company stock valued at $11,199,898. Corporate insiders own 8.62% of the company's stock.