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FedEx
FDX

$300.80
2.16%

Market Cap: 73.5B

 

About: FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended May 2024, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting the firm's presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

Employees: 823,600

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 31 analysts
0
News positive %
of 79 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

32% more funds holding in top 10

Funds holding in top 10: 37 [Q4 2023] → 49 (+12) [Q1 2024]

12% more capital invested

Capital invested by funds: $48B [Q4 2023] → $53.7B (+$5.67B) [Q1 2024]

0.72% less ownership

Funds ownership: 76.18% [Q4 2023] → 75.46% (-0.72%) [Q1 2024]

1% less funds holding

Funds holding: 1,692 [Q4 2023] → 1,674 (-18) [Q1 2024]

10% less first-time investments, than exits

New positions opened: 158 | Existing positions closed: 176

13% less call options, than puts

Call options by funds: $2.31B | Put options by funds: $2.66B

20% less repeat investments, than reductions

Existing positions increased: 553 | Existing positions reduced: 688

Research analyst outlook

31 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$195
35%
downside
Avg. target
$307
2%
upside
High target
$359
19%
upside

31 analyst ratings

22 positive
71%
neutral
26%
negative
3%
Argus Research
John Eade
11%upside
$335
Buy
Maintained
27 Jun 2024
Raymond James
Patrick Tyler Brown
11%upside
$335
Outperform
Maintained
26 Jun 2024
Wells Fargo
Christian Wetherbee
0%downside
$300
Equal-Weight
Maintained
26 Jun 2024
Stifel
J. Bruce Chan
9%upside
$327
Buy
Reiterated
26 Jun 2024
JP Morgan
Brian Ossenbeck
19%upside
$359
Overweight
Upgraded
26 Jun 2024

Financial journalist opinion

Based on 79 articles about FDX published over the past 30 days