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 |
|---|---|---|---|
| 12/20/2024 | $328.00 → $337.00 | Buy | TD Cowen |
| 12/20/2024 | $288.00 → $365.00 | Hold → Buy | Loop Capital |
| 12/3/2024 | $337.00 → $316.00 | Outperform → Mkt Perform | Bernstein |
| 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 |
144 - FEDEX CORP (0001048911) (Subject)
8-K - FEDEX CORP (0001048911) (Filer)
IRANNOTICE - FEDEX CORP (0001048911) (Filer)
$1 Billion Share Repurchases Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Revised FedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.0 billion $22.0 billion $22.2 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 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
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
SC 13G/A - FEDEX CORP (0001048911) (Subject)
SC 13G/A - FEDEX CORP (0001048911) (Subject)
SC 13G/A - FEDEX CORP (0001048911) (Subject)
FedEx Corp. (NYSE:FDX) ("FedEx") announced today the commencement of offers to exchange any and all of its outstanding senior notes of the series listed in the table below (the "Existing Notes") for new notes to be issued by FedEx (the "New Notes"). As previously disclosed, FedEx has announced that its Board of Directors has decided to pursue a full separation of its FedEx Freight business through the capital markets, creating a new publicly traded company. The Exchange Offers and Consent Solicitations (each as defined herein) are being made in connection with the contemplated Separation (as defined herein). The Separation is not conditioned upon the completion of any of the Exchange Offers
$1 Billion Share Repurchases Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Revised FedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.0 billion $22.0 billion $22.2 billion
Unlocks significant value for FedEx stockholders through creation of a new publicly listed less-than-truckload (LTL) industry leader Preserves commercial and operational synergies between both companies Proposed separation enables greater strategic, operational, and financial execution for each company and its stakeholders FedEx Corp. (NYSE:FDX) today announced that its Board of Directors has concluded a comprehensive assessment of the role of FedEx Freight as part of its portfolio and has decided to pursue a full separation of FedEx Freight through the capital markets, creating a new publicly traded company. The separation is expected to be achieved in a tax-efficient manner fo
TD Cowen reiterated coverage of FedEx with a rating of Buy and set a new price target of $337.00 from $328.00 previously
Loop Capital upgraded FedEx from Hold to Buy and set a new price target of $365.00 from $288.00 previously
Bernstein downgraded FedEx from Outperform to Mkt Perform and set a new price target of $316.00 from $337.00 previously
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
4 - FEDEX CORP (0001048911) (Issuer)
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