FedEx Corporation found using ticker (FDX) have now 27 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 339 and 205 with a mean TP of 288.04. Now with the previous closing price of 229.9 this indicates there is a potential upside of 25.3%. The 50 day MA is 210.62 and the 200 day MA is 230.95. The market capitalisation for the company is $59,746m. Company Website: https://www.fedex.com
The potential market cap would be $74,855m based on the market concensus.
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.
