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 Price Performance

Shares of NYSE:FDX opened at $234.87 on Friday. FedEx has a 52 week low of $192.82 and a 52 week high of $271.85. The business's 50 day moving average price is $228.40 and its 200 day moving average price is $221.02. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.81. The firm has a market cap of $61.04 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.86 and a beta of 1.19.

FedEx (NYSE:FDX - Get Rating) last released its quarterly earnings data 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 business 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 period last year, the company earned $5.01 earnings per share. On average, sell-side analysts expect that FedEx will post 23.16 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. FedEx's dividend payout ratio (DPR) is presently 32.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FDX. BMO Capital Markets increased their price objective on shares of FedEx from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Thursday, June 30th. UBS Group set a $312.00 price objective on FedEx in a report on Thursday, June 30th. Loop Capital raised their price target on FedEx from $328.00 to $339.00 and gave the company a "buy" rating in a research note on Monday, June 27th. Credit Suisse Group set a $314.00 target price on shares of FedEx in a research report on Wednesday, August 10th. Finally, The Goldman Sachs Group decreased their target price on shares of FedEx from $331.00 to $291.00 and set a "buy" rating for the company in a research report on Tuesday, June 7th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $297.50.

Insider Transactions at FedEx

In related news, Director Amy B. Lane purchased 607 shares of FedEx stock in a transaction that occurred on Thursday, June 30th. The stock was bought at an average cost of $228.12 per share, for a total transaction of $138,468.84. Following the completion of the transaction, the director now owns 686 shares in the company, valued at $156,490.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FedEx news, EVP Brie Carere sold 11,235 shares of the business's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the completion of the sale, the executive vice president now directly owns 16,366 shares in the company, valued at approximately $3,745,359.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Amy B. Lane bought 607 shares of the firm's stock in a transaction dated Thursday, June 30th. The stock was purchased at an average price of $228.12 per share, for a total transaction of $138,468.84. Following the transaction, the director now owns 686 shares of the company's stock, valued at $156,490.32. The disclosure for this purchase can be found here. Insiders have sold 48,810 shares of company stock worth $11,199,898 over the last quarter. 8.62% of the stock is currently owned by insiders.