Citigroup initiated coverage on FedEx with a new price target
$FDX
Air Freight/Delivery Services
Consumer Discretionary
Citigroup initiated coverage of FedEx with a rating of Buy and set a new price target of $301.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $301.00 | Buy | Citigroup |
| 9/20/2024 | $300.00 | Buy → Hold | HSBC Securities |
| 9/20/2024 | $334.00 → $328.00 | Buy | TD Cowen |
| 9/20/2024 | $215.00 → $200.00 | Equal-Weight → Underweight | Morgan Stanley |
| 8/22/2024 | Buy | TD Cowen | |
| 6/26/2024 | $320.00 → $335.00 | Buy | TD Cowen |
| 6/26/2024 | $296.00 → $359.00 | Neutral → Overweight | JP Morgan |
| 6/7/2024 | $275.00 | Equal Weight | Wells Fargo |
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable January 3, 2025 to stockholders of record at the close of business on December 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, Fe
FedEx Seamlessly Transitioned to One FedEx at the Start of Fiscal 2025 $1 Billion Share Repurchase Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Range Narrowed FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.6 billion $21.6 billion $21.7 billion $21.7 billion Operating income $1.08 billion $1.21 billion $1.49 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable October 1, 2024 to stockholders of record at the close of business on September 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, F
8-K - FEDEX CORP (0001048911) (Filer)
10-Q - FEDEX CORP (0001048911) (Filer)
8-K - FEDEX CORP (0001048911) (Filer)
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
Citigroup initiated coverage of FedEx with a rating of Buy and set a new price target of $301.00
HSBC Securities downgraded FedEx from Buy to Hold and set a new price target of $300.00
TD Cowen reiterated coverage of FedEx with a rating of Buy and set a new price target of $328.00 from $334.00 previously
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable January 3, 2025 to stockholders of record at the close of business on December 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, Fe
FedEx Seamlessly Transitioned to One FedEx at the Start of Fiscal 2025 $1 Billion Share Repurchase Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Range Narrowed FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.6 billion $21.6 billion $21.7 billion $21.7 billion Operating income $1.08 billion $1.21 billion $1.49 billion
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that FedEx (NYSE:FDX) has issued a purchase order for 15 W56 step vans to be delivered in 2024. This milestone order follows a successful demonstration in which the Workhorse W56 step van met FedEx operation duty cycle requirements. The addition of these 15 W56 step vans will support the FedEx goal to achieve carbon neutral global operations by 2040—underscoring the company's phased approach to replacing older vehicle technologies with new, zero tailpipe-e
Additional organizational changes implemented to support ongoing transformation FedEx Corp. (NYSE:FDX) today announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023. The company also announced strategic shifts within the Finance organization to further bolster its ongoing transformation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230717986580/en/(Photo: Business Wire) As previously announced, Executive Vice President and Chief Financial Officer Michael C. Lenz will transition out of his role o
MIAMI, March 20, 2023 /PRNewswire/ -- Today, Royal Caribbean Group (NYSE:RCL) announced the appointment of Rebecca Yeung, corporate vice president, operations science and advanced technology at FedEx Corporation (NYSE:FDX), to its Board of Directors, effective March 15, 2023. "Ms. Yeung brings a valuable combination of skills to our board, as she is well-versed in technology, digitization and business strategy," said Richard D. Fain, Chairman of the Board, Royal Caribbean Group. "We're excited to welcome Rebecca Yeung to the Board of Directors as we continue to deliver the wor
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointment of Rebecca Yeung, Corporate VP, Operations Science & Advanced Technology, FedEx Corporation (NYSE:FDX) to its Board of Directors, effective January 9, 2023. The addition of Ms. Yeung as an independent director brings Columbus McKinnon's Board to eleven directors of which ten are independent. Ms. Yeung will serve on the Corporate Governance and Nominations Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005834/en/Columbus McKinnon Appoints
The Chinese government expressed its desire for U.S. firms to play a significant role in its economy after top U.S. executives engaged in a meeting with Chinese officials. What Happened: The delegation, led by FedEx Corporation (NYSE:FDX) CEO Raj Subramaniam, met with Chinese Vice-Premier He Lifeng and Foreign Minister Wang Yi. The visit aimed to gain first-hand insight following the conclusion of China’s third plenum, South China Morning Post reported on Tuesday. The Chinese officials expressed their hope that the U.S.-China Business Council could encourage American firms to seize opportunities in China, leading to mutual cooperation and development. Wang stated that the delegation’s
An earnings report from United Parcel Service (NYSE:UPS) is a key item to watch this week, according to market strategist Jay Woods, who spoke to Benzinga about the multiple companies reporting earnings. What Happened: Several large-cap companies will report earnings for the week, including two members of the Magnificent Seven (Alphabet, Tesla). Freedom Capital Markets Chief Global Strategist Woods highlighted Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc as two of the biggest stocks to watch and the companies everyone will be talking about. For an under-the-radar earnings report investors should be watching, Woods named UPS. "UPS will give us a little more pulse on wha
SC 13G/A - FEDEX CORP (0001048911) (Subject)
SC 13G/A - FEDEX CORP (0001048911) (Subject)
SC 13G/A - FEDEX CORP (0001048911) (Subject)