FedEx Corporation with ticker code (FDX) now have 27 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 305 and 180 calculating the mean target price we have $252.00. Given that the stocks previous close was at $232.16 this indicates there is a potential upside of 8.5%. It’s also worth noting that there is a 50 day moving average of $216.71 and the 200 moving average now moves to $195.50. The company has a market cap of $58,354m. Visit the company website at: https://www.fedex.com
The potential market cap would be $63,341m based on the market consensus.
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 enablement, 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, 2022, this segment had approximately 30,000 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 support 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 document and business services, as well as retail access to its customers for its package transportation businesses. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.
The company has a dividend yield of 2.24% with the ex dividend date set at 9-6-2023 (DMY).
Other points of data to note are a P/E ratio of 19.42, revenue per share of 361.44 and a 3.68% return on assets.
