FedEx says it is focusing on “high-margin” clients to reach $98 billion in revenue in 2029. During its investors day presentation Thursday (Feb.
FedEx guided for higher annual revenue in fiscal 2029 as it prioritizes its higher-margin businesses.
FedEx Corp (NYSE:FDX, XETRA:FDX)'s planned investment in InPost announced this week could help lower European delivery costs and sharpen the company's focus on higher-margin business-to-business shipments, Bank of America analysts believe. The firm reiterated its ‘Buy' rating and raised their price target on the stock to $414 from $408 following the announcement.
Poland-based parcel locker company InPost has been sold for $9.2 billion (7.8 billion euros). The deal, announced Monday (Feb. 9), was made by an investor group led by FedEx and private equity group Advent International.
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FedEx (FDX) reached $362.54 at the closing of the latest trading day, reflecting a +2.58% change compared to its last close.
FedEx (FDX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
In the latest trading session, FedEx (FDX) closed at $312.42, marking a +2.61% move from the previous day.
FedEx (FDX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how FedEx (FDX) and LATAM (LTM) have performed compared to their sector so far this year.
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