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 Performance

Shares of FDX Stock opened at $229.24 on Friday. The stock has a market cap of $59.57 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The business has a 50-day simple moving average of $226.78 and a 200-day simple moving average of $221.48. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.81. FedEx has a 52-week low of $192.82 and a 52-week 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 during the quarter, compared to analyst estimates of $24.28 billion. FedEx had a return on equity of 22.29% and a net margin of 4.09%. During the same period in the previous year, the company posted $5.01 EPS. On average, equities analysts expect that FedEx will post 23.16 EPS for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Monday, June 27th were issued a $1.15 dividend. This is a boost from FedEx's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, June 24th. This represents a $4.60 dividend on an annualized basis and a yield of 2.01%. FedEx's dividend payout ratio is presently 32.17%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Credit Suisse Group set a $314.00 price target on FedEx in a report on Wednesday. Stephens boosted their target price on FedEx from $285.00 to $295.00 and gave the stock an "overweight" rating in a research note on Friday, June 24th. Wells Fargo & Company boosted their target price on FedEx from $277.00 to $282.00 and gave the stock an "overweight" rating in a research note on Friday, June 24th. BMO Capital Markets boosted their target price on FedEx from $270.00 to $280.00 and gave the stock a "hold" rating in a research note on Thursday, June 30th. Finally, Deutsche Bank Aktiengesellschaft set a $320.00 target price on FedEx in a research note on Thursday, June 30th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $297.50.

Insider Buying and Selling

In related news, EVP Jill Brannon sold 5,620 shares of the company'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 completion of the transaction, 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 the SEC website. In other news, EVP Robert B. Carter sold 12,310 shares of the company's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $230.61, for a total value of $2,838,809.10. Following the completion of the sale, the executive vice president now directly owns 54,916 shares in the company, valued at $12,664,178.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jill Brannon sold 5,620 shares of the company's stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $237.00, for a total value of $1,331,940.00. Following the completion of the sale, the executive vice president now owns 8,113 shares of the company's stock, valued at $1,922,781. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,575 shares of company stock valued at $8,628,768. 8.16% of the stock is owned by company insiders.