What’s Happening With FedEx Stock? (2024)

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What’s Happening With FedEx Stock? (2024)

FAQs

Will FedEx stock recover? ›

The average price target for FedEx is $308.50. This is based on 21 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $351.00 ,the lowest forecast is $210.00. The average price target represents 12.79% Increase from the current price of $273.52.

What is the future outlook for FedEx stock? ›

FedEx stock price stood at $267.80

According to the latest long-term forecast, FedEx price will hit $300 by the end of 2024 and then $350 by the end of 2026. FedEx will rise to $400 within the year of 2027, $450 in 2028, $500 in 2029 and $600 in 2033.

Why is FedEx falling? ›

It's the second consecutive quarter FedEx has lowered its sales outlook. The company's Express unit, its largest, was especially challenged in the quarter with lower demand, surcharges and customers shifting to cheaper services, FedEx said.

What is the outlook for FedEx in 2024? ›

The company now expects earnings per share for fiscal 2024 to be in the range of $17.25 to $18.25, compared with its prior forecast of $17 to $18.50 per share. FedEx reported revenue of $21.7 billion for the quarter ended Feb. 29, down from $22.2 billion last year.

Is FedEx laying off in 2024? ›

Major layoffs continue

The job cuts at FedEx come amid a flurry of layoffs in 2024.

Should I sell my FedEx stock? ›

FDX Signals & Forecast

The FedEx stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Is FedEx a good long term stock? ›

FedEx's P/E (Price to Earnings) ratio is 14 times its 2024 EPS estimates. This valuation places it on the higher end of its P/E range, which has fluctuated between 10 and 15 over the last two and a half years. However, this valuation remains attractive given the company's promising growth forecast of 16% annually.

Is FedEx a good long term investment? ›

Valuation metrics show that FedEx Corporation may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of FDX, demonstrate its potential to outperform the market. It currently has a Growth Score of C.

Where will FedEx stock be in 5 years? ›

Fedex Corp quote is equal to 268.030 USD at 2024-04-12. Based on our forecasts, a long-term increase is expected, the "FDX" stock price prognosis for 2029-04-04 is 318.896 USD. With a 5-year investment, the revenue is expected to be around +18.98%. Your current $100 investment may be up to $118.98 in 2029.

Is FedEx in trouble financially? ›

FedEx maintained its full fiscal-year outlook of "low-single-digit percentage decline" in revenue and narrowed its earnings view to $17.25-$18.25 per share. In December 2023, FedEx predicted full 2024 earnings of $17-$18.50 per share.

Why is FedEx stock so bad? ›

The slide came after the delivery giant's Tuesday afternoon earnings report revealed both lower quarterly sales and profits than analyst forecasts, as well as a cut to its outlook for its fiscal year ending in May, blaming “volatile macroeconomic conditions.”

Why are people boycotting FedEx? ›

Activist Mulls FedEx Boycott for Treatment of Black Worker Chased and Fired On in Brookhaven. For Mississippi Rising Coalition board member Morris Mock, boycotting FedEx in protest to show displeasure with the company's treatment of D'Monterrio Gibson is on the table.

Will Amazon overtake FedEx? ›

The logistics industry, valued at $1.5 trillion, has traditionally been dominated by a select few major players such as USPS, FedEx, and UPS. However, over these last few years, Amazon has emerged as the frontrunner, surpassing both UPS and FedEx in parcel volume for 2022.

What is the FedEx strategy for 2025? ›

FedEx expects DRIVE to generate $4.0 billion of permanent cost reductions in fiscal 2025. DRIVE is also enabling the implementation of Network 2.0, which is expected to generate an incremental $2 billion of savings in fiscal 2027.

Is there a shortage of FedEx workers? ›

FedEx Suspension Took Effect on February 3, 2022

The labor shortage is not isolated to any industry, becoming a nationwide problem in a matter of weeks. While many believed the shortage had reached its worst in January 2021, the trend of fewer workers appears to be a new standard.

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