How to Buy Fedex Stock
Fedex Corp
Fedex is a logistic company located in Tennessee, United States, which is part of the Industrials sector, and is traded under the ticker FDX on the NYSE exchange.
Fedex stock last closed at $266.07, down 2.09% from the previous day, and has increased 14.61% in one year. It has overperformed other stocks in the Integrated Freight & Logistics industry by 0.29 percentage points. Fedex stock is currently +24.45% from its 52-week low of $213.81, and -8.65% from its 52-week high of $291.27.
At the moment, there are 246.08M shares of FDX outstanding. The market value of FDX is $65.47B. In the last 24 hours, 1.69M FDX shares were traded.
How to Buy Fedex Stock
Wondering how to invest in Fedex stock? Here's how.
- Decide where to buy Fedex stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Fedex stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your details.
- Research Fedex stock: The Fedex ticker symbol is FDX. Is Fedex stock a good investment? Should you buy shares of FDX? How do FDX's underlying business fundamentals look? Do top analysts think Fedex is a good buy? Why has FDX's stock price moved recently? (Hint: Our stock research website can help you figure out if FDX is a good stock to buy).
- Make your FDX buy order: Decide if you will purchase FDX shares at the current market price or use a limit order to purchase FDX stock at a given price.
- Monitor your FDX investment: Create a watchlist to watch your investment in Fedex shares.
Step 1: Decide where to buy Fedex stock
You need an online brokerage account to access the NYSE market and buy FDX shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you can invest in FDX today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best app for stock investing, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring funds into your new investment account.
Step 4: Research Fedex stock
Once you have figured out the best place to buy Fedex stock, it's very important to research their stock before you buy, so you actually understand the risk and opportunity.
Fedex quick stats
FDX Overview
WallStreetZen was created to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on FDX's stock page.
What is the fair value of FDX stock?
Analysts use many financial metrics, analyses, models, and charts to gauge FDX's true value.
Using relative valuations ratios:
- FDX could be undervalued based on its P/E ratio of 15.2x, relative to Integrated Freight & Logistics industry P/E ratio of 18.35x
- FDX could be undervalued based on its P/B ratio of 2.48x, relative to Integrated Freight & Logistics industry P/B ratio of 3.99x
- FDX could be undervalued based on its PEG ratio of 0.47x
You can do more valuation analysis on FDX's stock here.
A look at FDX Cashflows and Balance Sheet
Pros:
- FDX's operating cash flow of $9.06B allows it to safely service it's debt of $37.51B.
- FDX earnings of $6.52B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the FDX balance sheet.
- FDX profit margin has gone up from 3.2% to 5% in the past year.
Cons:
- Total FDX debt is higher than 5 years ago, relative to shareholder equity.
- FDX has a relatively high debt to equity ratio of 2.27.
- There are more long-term liabilities than short-term assets on the FDX balance sheet.
Do Wall Street analysts think it's a good time to buy Fedex stock
Out of 15 Wall Street analysts who monitor FDX, the consensus analyst rating on FDX is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent FDX Analyst Recommendations
Ravi Shanker, a bottom 2% analyst from Morgan Stanley maintains FDX with a hold rating and raises their FDX price target from $195.00 to $210.00, on Mar 22, 2024.
Morgan Stanley's Ravi Shanker raised their price target on Fedex (NYSE: FDX) by 7.7% from $195 to $210 on 2024/03/22. The analyst maintained their Hold rating on the stock.
Citing Q2's miss followed by a Q3 2024 beat, announced on 2024/03/21, the analyst said the FedEx "earnings rollercoaster continues, as will the debate on the stock."
Bulls will like the better-than-feared Express and the $5B buyback, while bears will point to the continuing revenue misses and potential earnings quality issues, Shanker predicted.
This quarter was somewhat similar to the company's Q1 2024 results, when a 20% beat was muddled by "mixed messages" and an unraised FY outlook, the analyst said.
Although the stock was up 6.5% post the Q1 print, it dropped 15% in the following month, Shanker reminded investors.
Earnings Report
For Q3 2024, FedEx Corp.:
- EPS of $3.86, which beat the Zacks Consensus Estimate of $3.49 and, by 13.2%, Q3 2023’s $3.41.
- Revenue of $21.7B, which missed the Zacks Consensus Estimate of $22.02B and, by 2.1%, Q3 2023’s $22.2B.
For FY 2024, management guided:
- EPS of $17.25 to $18.25 (previously $17.00 to $18.50).
- A low-single-digit percentage decline in Y/Y revenue growth.
CEO Raj Subramaniam commented: “FedEx delivered another quarter of improved profitability in what remains a difficult demand environment, reflecting outstanding service and continued benefits from DRIVE.
“We are making meaningful progress on our transformation, while strengthening our value proposition and improving the customer experience.
“I've never been more confident in our path ahead as we build a more flexible, efficient, and intelligent network.”
Helane Becker, a bottom 9% analyst from TD Cowen maintains FDX with a buy rating and raises their FDX price target from $293.00 to $320.00, on Mar 22, 2024.
Jonathan Chappell, a top 11% analyst from Evercore ISI Group maintains FDX with a buy rating and raises their FDX price target from $327.00 to $351.00, on Mar 22, 2024.
Jordan Alliger, a top 10% analyst from Goldman Sachs maintains FDX with a strong buy rating and raises their FDX price target from $291.00 to $324.00, on Mar 22, 2024.
Stephanie Moore, a top 26% analyst from Jefferies maintains FDX with a hold rating and raises their FDX price target from $265.00 to $300.00, on Mar 22, 2024.
You can dive deeper into what analysts are saying on the Fedex stock forecast page.
FDX Technical Indicators
FDX Growth Metrics
Last year, FDX earnings were $4.40B. Over the past 5 year, FDX's earnings have increased by 4.91% per year. This was slower than the Integrated Freight & Logistics industry average of 7.08%.
Last year, FDX revenue was $87.51B. In the past 5 year, FDX's revenue has gone up by 4.81% per year. This was slower than the Integrated Freight & Logistics industry average of 5.83%.
Find out more about FDX's earnings and revenue performance here.
What are FDX insiders up to?
In the last 12 months, executives and large shareholders at FDX have bought more shares than they have sold.
Frederick W. Smith, Executive Chairman of FDX, was the latest FDX insider to sell. They sold $989,395.20 worth of FDX shares on Apr 9, 2024.
Research more about who owns FDX stock here.
Does FDX stock generate passive income?
Fedex pays a dividend of 1.89%, compared to the Integrated Freight & Logistics industry's average dividend yield of 2.5%. If you owned $1,000 of FDX stock, you would have been paid $18.94 in the past 12 months.
Fedex dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Fedex dividend yield and history here.
Get analysis from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your FDX buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and your broker will execute your order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your FDX investment
Now that you own some FDX shares, you'll want to keep up with your new company.
Make a watchlist to keep tabs on your FDX stock.
FDX Feed
How to Buy Stock in Fedex
To reiterate, here are the 6 steps you need to take to buy Fedex stock right now:
- Decide where to buy Fedex stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Fedex stock
- Make your FDX buy order
- Monitor your FDX investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Fedex, get started below.
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