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FedEx Corporation (FDX)

NYSE - NYSE Delayed Price. Currency in USD
Visitors trend2W10W9M
264.42+5.59 (+2.16%)
At close: 04:00PM EST
264.99 +0.57 (+0.22%)
After hours: 07:59PM EST

  • Dividend

    FDX announced a cash dividend of 1.26 with an ex-date of Dec. 8, 2023

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Momentum

Momentum

Performance Outlook
Previous Close258.83
Open259.15
Bid262.10 x 800
Ask264.99 x 900
Day's Range258.53 - 265.30
52 Week Range162.61 - 270.95
Volume1,987,608
Avg. Volume1,774,688
Market Cap66.48B
Beta (5Y Monthly)1.35
PE Ratio (TTM)16.15
EPS (TTM)16.37
Earnings DateDec 19, 2023
Forward Dividend & Yield5.04 (1.91%)
Ex-Dividend DateDec 08, 2023
1y Target Est295.07
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
14% Est. Return

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Related Research
  • FedEx Corporation
    Daily Spotlight: GDP Growth to Slow in 4QOur analysis of data that has been reported in recent weeks leads us to conclude that key parts of U.S. GDP are still expanding, despite the impact of inflation, high interest rates, and geopolitical developments. That said, growth is not consistent across all segments of the economy, and, in some cases, growth rates are slowing. While the Fed is on track to engineer a soft landing for the economy, recession in 2023-2034 remains a possibility, though we think that the odds are diminishing. After reviewing the latest economic data points, metrics, and trends, our forecast for GDP growth in 4Q23 is now 2.0%, a pronounced decline from the 3Q level. Our estimate for the full year 2023 is now 2.8%, up from our prior forecast of 2.3% due to the blowout 3Q report. Our preliminary forecast for GDP growth in 2024 is 1.8%, as the Federal Reserve, with its tool chest again full after hiking rates during 1H23, can contemplate lowering interest rates to recharge economic growth. Our estimates generally are in the range with other forecasters, though perhaps a bit higher than the consensus. The Wall Street Journal Economic Survey calls for GDP growth of 2.2% in 2023 and 1.0% in 2024. The Federal Reserve is now anticipating GDP growth of 2.1% for 2023 and 1.5% in 2024. The Philadelphia Federal Reserve's Survey of Professional Forecasters is calling for growth of 2.1% in 2023 and 1.3% in 2024. A recent GDPNow forecast from the Federal Reserve Bank of Atlanta was 2.3% for 4Q23.
    Rating
    Fair Value
    Economic Moat
    26 days agoArgus Research
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