FedEx Corporation found using ticker (FDX) have now 28 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 360 and 205 and has a mean target at 292.82. Given that the stocks previous close was at 230.05 this is indicating there is a potential upside of 27.3%. The 50 day moving average now sits at 230.15 and the 200 moving average now moves to 251.86. The market capitalisation for the company is $61,832m. Visit the company website at: https://www.fedex.com
The potential market cap would be $78,703m 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.
