FedEx (FDX) Stock Down in Yesterday's Trading: Here's Why (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),zn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    FedEx (FDX) Stock Down in Yesterday's Trading: Here's Why (2024)

    FAQs

    What are analysts saying about FedEx stock? ›

    Average Price Target

    Based on 17 Wall Street analysts offering 12 month price targets for FedEx in the last 3 months. The average price target is $322.80 with a high forecast of $359.00 and a low forecast of $215.00. The average price target represents a 8.70% change from the last price of $296.97.

    Why did FedEx drop so much? ›

    Key Takeaways. FedEx warned of slowing demand because of "volatile macroeconomic conditions," and shares sank. The package delivery giant missed earnings and revenue estimates on a drop in volume, lower fuel surcharges, reduced demand surcharges, and a shift toward less profitable services.

    Will FedEx stock recover? ›

    From a valuation perspective, FDX stock appears to have some room for growth. We estimate FedEx's Valuation to be $294 per share, 18% above its current market price of $250. Our estimate is based on a 14x forward expected adjusted earnings of $21.47 in fiscal 2025.

    Is FDX a buy right now? ›

    FedEx stock has received a consensus rating of buy. The average rating score is and is based on 68 buy ratings, 29 hold ratings, and 1 sell ratings.

    Is it a good time to invest in FedEx? ›

    Impressive Growth Prospects of FedEx

    The Zacks Consensus Estimate for fiscal 2025 earnings per share is currently pegged at $20.82, indicating 1.4% growth from 2024 level. The mark of fiscal 2026 EPS is expected to grow 3.7% from the fiscal 2025 estimate.

    Who owns the most stock in FedEx? ›

    According to the latest TipRanks data, approximately 14.74% of FedEx (FDX) stock is held by retail investors. Who owns the most shares of FedEx (FDX)? Frederick W. Smith owns the most shares of FedEx (FDX).

    Is FedEx financially in trouble? ›

    FedEx's odds of distress is under 8% at this time. It has tiny probability of undergoing some form of financial crisis in the near future. Probability of bankruptcy shows the probability of financial torment over the next two years of operations under current economic and market conditions.

    Is FedEx laying off in 2024? ›

    FedEx filed 40 WARN layoff notices from May 2001 to Jul 2024 in California, Colorado, Connecticut, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Maryland, Missouri, New Jersey, New York, Ohio, Oregon, South Carolina, Tennessee, Texas and Vermont.

    Why did Amazon drop FedEx? ›

    The Amazon business that FedEx recently lost was some of the least profitable business the company handles. Because of its free delivery policy for Prime members, Amazon demands very low-priced delivery service from carriers who want to get a piece of its massive and ever-growing volume of shipments.

    What is the highest FedEx stock has ever been? ›

    The all-time high FedEx stock closing price was 312.00 on July 16, 2024. The FedEx 52-week high stock price is 313.84, which is 5.5% above the current share price. The FedEx 52-week low stock price is 224.69, which is 24.4% below the current share price. The average FedEx stock price for the last 52 weeks is 263.95.

    Should I buy UPS or FedEx stock? ›

    While we expect both FDX and UPS to see small gains, the latter will likely fare better between the two. UPS' 11% average annual growth rate in the last three years is marginally better than 10% for FedEx. The revenue growth for FedEx was driven by e-commerce growth and better price realization.

    Is FDX a good long-term investment? ›

    The Zacks Consensus Estimate has increased $0.29 to $20.82 per share. FDX has an average earnings surprise of 7.8%. FDX should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

    What is fdx 12 month price target? ›

    Snapshot
    Average RecommendationOverweight
    Average Target Price329.00
    Number Of Ratings30
    FY Report Date5/2025
    Last Quarter's Earnings5.41
    6 more rows

    What is the earnings prediction for FDX? ›

    FedEx Corp (NYSE:FDX) is set to release its Q1 2025 earnings on Sep 19, 2024. The consensus estimate for Q1 2025 revenue is $21.99 billion, and the earnings are expected to come in at $4.72 per share. The full year 2025's revenue is expected to be $89.87 billion and the earnings are expected to be $20.06 per share.

    Is FedEx buying back stock? ›

    For fiscal 2025, FedEx expects to repurchase $2.5 billion of FedEx common stock, including $1.0 billion during the first fiscal quarter, and previously announced a 10% increase ($0.48 per share) in the annual dividend rate on its common stock to $5.52 per share.

    What do analysts say about F stock? ›

    F Stock 12 Month Forecast

    Based on 15 Wall Street analysts offering 12 month price targets for Ford Motor in the last 3 months. The average price target is $13.67 with a high forecast of $20.00 and a low forecast of $9.00. The average price target represents a 27.88% change from the last price of $10.69.

    What is the FedEx 12 month forecast? ›

    FedEx Stock Forecast

    The 24 analysts with 12-month price forecasts for FedEx stock have an average target of 314.71, with a low estimate of 215 and a high estimate of 359. The average target predicts an increase of 9.89% from the current stock price of 286.38.

    Is FedEx stock undervalued? ›

    The intrinsic value of one FDX stock under the Base Case scenario is 356.77 USD. Compared to the current market price of 286 USD, FedEx Corp is Undervalued by 20%.

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