AllAnalyst Report
logoMorningstarSeptember 16, 2020

FedEx Corporation: FedEx Delivers Excellent Fiscal Q1 Results on Surging B2C Demand, but Shares Looking Rich

Symbols
FDX
Sector(s)
Industrials
Rating
Premium
Current Price
$253.50
Fair Value
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Economic Moat
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Stewardship
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Summary

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2019, FedEx derived 54% of revenue from its express division, 29% from ground, and 11% 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. TNT was previously the fourth-largest global parcel-delivery provider.

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