A stand-alone FedEx Freight gives LTL investors another pure play [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
Check Earnings Report
US:NYSE Investor Relations:
fedex.com/us/investorrelations
Company Research
Source: Yahoo! Finance
Investors are getting more optionality when it comes to playing the less-than-truckload market. FedEx Corp. said Thursday it will move forward with a plan to spin off FedEx Freight, the nation's largest LTL carrier, which experts say could be worth as much as $30 billion. Details surrounding the transaction were sparse, but FedEx ( NYSE: FDX ) said separating into two publicly listed companies – a domestic and international package and freight business generating $78 billion in annual revenue, and a domestic LTL carrier with a nearly $10 billion top line – is the best path to unlock “significant value” for shareholders. LTL stocks have been in favor since COVID and FedEx is looking to cash in. The heavily consolidated LTL industry (there are just a few full-scale, national players) benefited greatly during the pandemic. Less-than-truckload networks proved a natural fit for delivery of big-and-bulky items in addition to being a good provider of linehaul service to e-commerce com
Show less
Read more
Impact Snapshot
Event Time:
FDX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FDX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FDX alerts
High impacting FedEx Corporation news events
Weekly update
A roundup of the hottest topics
FDX
News
- FedEx Q2 Earnings Surpass Estimates, Revenues Lag, View Revised [Yahoo! Finance]Yahoo! Finance
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Raymond James from $305.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at BMO Capital Markets from $300.00 to $330.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Stephens from $350.00 to $345.00. They now have an "overweight" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Bank of America Co. from $325.00 to $348.00. They now have a "buy" rating on the stock.MarketBeat
FDX
Earnings
- 12/19/24 - Beat
FDX
Sec Filings
- 12/19/24 - Form IRANNOTICE
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- FDX's page on the SEC website