FedEx Corporation (NYSE:FDX) traded today at a new 52-week high of $314.76. This new high was reached on below average trading volume as 820,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
Over the past year, FedEx Corporation has traded in a range of $103.40 to $314.76 and is now at $313.04, 203% above that low.
FedEx pioneered overnight delivery in 1973 and remains the world’s largest “express” package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth- largest global parcel-delivery provider.
Based on a current price of $313.04, FedEx Corporation is currently 61.5% above its average consensus analyst price target of $120.54.
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