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FedEx Corp (NYSE:FDX), a prominent player in the Air Freight & Logistics industry with a market capitalization of $58.6 billion, saw its Chief Operating Officer for U.S. and Canada, John Alan Smith, recently execute a series of stock transactions according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company appears slightly undervalued at current levels. On March 27, Smith sold a total of 6,155 shares of FedEx common stock, generating approximately $1.5 million. The shares were sold at a price of $243.55 each.
In addition to the sales, Smith exercised options to acquire 6,155 shares at prices ranging from $162.82 to $180.82, totaling just over $1 million. These transactions reflect Smith’s ongoing management of his holdings in FedEx, where he retains 23,347 shares following the transactions.
In other recent news, FedEx has reported its third-quarter fiscal 2025 earnings, revealing an adjusted earnings per share (EPS) of $4.51. This figure slightly missed the consensus estimate of $4.56 but exceeded some individual projections, such as Stephens’ forecast of $4.39. FedEx has also revised its full-year EPS guidance downward to a range of $18.00 to $18.60, citing softer revenue and persistent cost inflation as key factors. Analysts from JPMorgan, Stephens, Stifel, Evercore ISI, and Raymond (NSE:RYMD) James have all adjusted their price targets for FedEx, with targets now ranging from $276 to $354, while maintaining various positive ratings such as Overweight and Outperform.
FedEx’s ongoing DRIVE program has yielded approximately $600 million in cost savings in the third quarter, contributing to its annual target of $2.2 billion. The company is also proceeding with its planned spin-off of the less-than-truckload (LTL) business, with market anticipation surrounding the announcement of a CEO for the new entity. Despite these challenges, analysts from Raymond James and others express confidence in FedEx’s transformative initiatives, such as Network 2.0 and the DRIVE program, which are expected to enhance margins and free cash flow in the future. The company’s strategic decisions, including a new share buyback program, are seen as positive developments for shareholders. FedEx’s management continues to face macroeconomic uncertainties, but analysts maintain a cautiously optimistic outlook on the company’s potential for improved financial performance.
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