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FedEx (FDX) Stock Price, News & Analysis

$261.28
+0.78 (+0.30%)
(As of 10/8/2024 ET)

About FedEx Stock (NYSE:FDX)

Key Stats

Today's Range
$259.36
$262.30
50-Day Range
$254.63
$302.25
52-Week Range
$224.69
$313.84
Volume
1.07 million shs
Average Volume
1.87 million shs
Market Capitalization
$64.30 billion
P/E Ratio
15.16
Dividend Yield
2.11%
Price Target
$314.74
Consensus Rating
Moderate Buy

Company Overview

FedEx Corporation is a global courier delivery services company headquartered in Memphis, Tennessee, USA. Founded in 1971, it is one of the largest logistics companies in the world, with operations in over 220 countries and territories. FedEx offers various services, including express shipping, ground shipping, freight forwarding, and e-commerce solutions. The company has over 600 aircraft and more than 180,000 vehicles in its fleet and employs over 600,000 people worldwide.

Frederick W. Smith is the founder and Chief Executive Officer of FedEx Corporation. He has been at the company's helm since its inception and has been instrumental in its growth and success. In 2022 Frederick Smith passed the baton to Raj Subramaniam. Raj Subramaniam has over thirty years of leadership experience and moved into the CEO role from his role as Chief Operating Officer (COO). In recent years, the company has made a few critical changes in its leadership team, including the appointment of Lance Moll as President and CEO of FedEx Freight in 2020, who started his career as a manager at a FedEx distribution center. 

FedEx reported that revenue has risen at an excellent pace yearly for several years. Net income, while only a fraction of revenue, is pacing in growth with the revenue. This is due to FedEx maintaining a healthy profit margin, with a net profit margin of approximately 3.5%. The company has also been actively managing debt to reduce its debt levels. Total assets on hand are robust enough to cover total liabilities within the company. FedEx has a price-to-earnings ratio lower than the industry average and a price-to-book ratio lower than the industry average. These valuation metrics suggest that the company's stock may be undervalued compared to its peers. FedEx's stock had performed well in recent years, with the stock price recovering from a tumble in 2022 when FedEx pulled its earnings forecast due to worsening business conditions. 

FedEx operates in the highly competitive logistics and courier delivery services industry with low margins and intense competition. The company faces competition from established players like UPS and DHL and newer entrants like Amazon, which has been expanding its delivery network. The industry is also subject to regulatory and political pressures, such as changes in trade policies and tariffs, which can impact the flow of goods across borders.

Despite the challenges in the industry, FedEx has several growth opportunities. The company has expanded its e-commerce capabilities by acquiring ShopRunner, a membership-based e-commerce platform, in 2021. The company has also invested in autonomous delivery technology, launching the FedEx SameDay Bot, designed to make deliveries in urban areas. In addition, the company has been expanding its presence in healthcare logistics by acquiring Cargex in 2021.

Several risks and challenges could impact FedEx's future growth prospects. One significant risk is the potential for changes in consumer preferences, particularly with the growth of online shopping and the increasing demand for faster and more convenient delivery options. The company also faces regulatory risks, particularly with changes in trade policies and tariffs. Competitive pressures are also a significant challenge, with Amazon expanding its delivery network and other logistics companies competing for market share. Finally, the company is also subject to risks related to its operations, such as disruptions to its supply chain or the impact of natural disasters on its infrastructure.

FedEx Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

FDX MarketRank™: 

FedEx scored higher than 99% of companies evaluated by MarketBeat, and ranked 2nd out of 131 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    FedEx has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 16 buy ratings, 8 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    FedEx has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about FedEx's stock forecast and price target.
  • Earnings Growth

    Earnings for FedEx are expected to grow by 15.16% in the coming year, from $19.66 to $22.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of FedEx is 15.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of FedEx is 15.16, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.71.

  • Price to Earnings Growth Ratio

    FedEx has a PEG Ratio of 1.04. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    FedEx has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about FedEx's valuation and earnings.
  • Percentage of Shares Shorted

    1.25% of the float of FedEx has been sold short.
  • Short Interest Ratio / Days to Cover

    FedEx has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in FedEx has recently decreased by 8.52%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    FedEx pays a meaningful dividend of 2.07%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    FedEx does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of FedEx is 32.04%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, FedEx will have a dividend payout ratio of 24.38% next year. This indicates that FedEx will be able to sustain or increase its dividend.

  • Read more about FedEx's dividend.
  • Percentage of Shares Shorted

    1.25% of the float of FedEx has been sold short.
  • Short Interest Ratio / Days to Cover

    FedEx has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in FedEx has recently decreased by 8.52%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    FedEx has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 36 news articles for FedEx this week, compared to 25 articles on an average week.
  • Search Interest

    72 people have searched for FDX on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • MarketBeat Follows

    41 people have added FedEx to their MarketBeat watchlist in the last 30 days. This is an increase of 215% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, FedEx insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,978,338.00 in company stock.

  • Percentage Held by Insiders

    Only 8.73% of the stock of FedEx is held by insiders.

  • Percentage Held by Institutions

    84.47% of the stock of FedEx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about FedEx's insider trading history.
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FDX Stock News Headlines

Stock Market Positive Forecast — Photo contrarian trading
Contrarian Traders Are Buying These 2 Stocks With Big Upside (FDX)
Contrarian traders are finding opportunities in overlooked and undervalued stocks, betting against prevailing market sentiment.
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Port strikes are on the rise, and investors should focus on which stocks could be set to benefit instead of only looking at the bearish cases
Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Delivery of parcels and cargo by FedEx Express. Hands delivering an order against a pink background.
Time to Buy? These 3 Stocks Are Trading at 52-Week Lows (FDX)
As the market finds its way after a recent cut in interest rates coming from the Federal Reserve, investors might want to look at these 52-week low stock
Financial markets news icon
MarketBeat Week in Review – 9/23 - 9/27 (FDX)
Stocks had a mostly bullish week as stimulus efforts in the U.S. and China enhanced risk-on sentiment, but next week's jobs report could spark a larger rally
Jaguars RB Tank Bigsby nominated for FedEx Air and Ground POTW
FedEx (NYSE:FDX) Rating Lowered to Hold at StockNews.com
See More Headlines

FDX Stock Analysis - Frequently Asked Questions

FedEx's stock was trading at $252.97 at the beginning of the year. Since then, FDX shares have increased by 3.3% and is now trading at $261.28.
View the best growth stocks for 2024 here
.

FedEx Co. (NYSE:FDX) issued its quarterly earnings data on Thursday, September, 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts' consensus estimates of $4.82 by $1.22. The firm's revenue was down .5% compared to the same quarter last year.
Read the conference call transcript
.

FedEx's board initiated a stock buyback program on Thursday, March 21st 2024, which allows the company to buy back $5,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 7.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

FedEx subsidiaries include these companies: ShopRunner, Cargex, Flying Cargo, Manton Air-Sea Pty Ltd., Tower Group International, FedEx Cross Border (UK), P2P Mailing Limited, and more.

FedEx's top institutional shareholders include Value Partners Investments Inc. (0.06%), Handelsbanken Fonder AB (0.04%), Jacobs & Co. CA (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Frederick W Smith, Richard W Smith, Rajesh Subramaniam, Mark R Allen, David P Steiner, Michael C Lenz, Brie Carere, Paul S Walsh, Sriram Krishnasamy, Jill Brannon, Susan C Schwab, Marvin R Ellison, Tracy B Brightman, John W Dietrich, Jennifer L Johnson, Amy B Lane, Stephen E Gorman, Guy M Erwin II and R Brad Martin.
View institutional ownership trends
.

Shares of FDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that FedEx investors own include NVIDIA (NVDA), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Netflix (NFLX), Intel (INTC) and Tesla (TSLA).

Company Calendar

Ex-Dividend for 10/1 Dividend
9/09/2024
Last Earnings
9/19/2024
Dividend Payable
10/01/2024
Today
10/08/2024
Next Earnings (Estimated)
12/17/2024
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Air courier services
Sub-Industry
Air Freight & Logistics
CUSIP
31428X10
Fax
N/A
Employees
430,000
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$314.74
High Stock Price Target
$350.00
Low Stock Price Target
$200.00
Potential Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
26 Analysts

Profitability

Net Income
$4.33 billion
Pretax Margin
6.25%

Debt

Sales & Book Value

Annual Sales
$87.59 billion
Cash Flow
$36.64 per share
Book Value
$111.23 per share

Miscellaneous

Free Float
224,598,000
Market Cap
$64.37 billion
Optionable
Optionable
Beta
1.17

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This page (NYSE:FDX) was last updated on 10/8/2024 by MarketBeat.com Staff
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