FedEx Corporation with ticker code (FDX) now have 27 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 360 and 125 with a mean TP of 206.22. Given that the stocks previous close was at 142.9 this now indicates there is a potential upside of 44.3%. The 50 day moving average now sits at 213.47 and the 200 moving average now moves to 223.51. The market cap for the company is $37,719m. Visit the company website at: https://www.fedex.com
The potential market cap would be $54,432m 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 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.
