Dec 20, 2024 9:00 AM - Rayan Ahmad
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FedEx Corporation (NYSE:FDX) is a global leader in logistics and transportation services, offering a wide range of solutions including express shipping, freight, and supply chain management. The company competes with other major players like UPS and DHL. On December 19, 2024, Loop Capital Markets upgraded FedEx from a Hold to a Buy rating, with the stock priced at $275.88 at the time.
The upgrade coincided with FedEx's Q2 2025 earnings call, where key executives, including CEO Raj Subramaniam, discussed the company's financial performance and strategic plans. Analysts from major financial institutions like Wells Fargo and Goldman Sachs attended the call, highlighting its significance. The earnings report, ending in November 2024, provided insights into FedEx's top-line and bottom-line figures, crucial for assessing its financial health.
During an appearance on 'Mad Money' with Jim Cramer, CEO Raj Subramaniam emphasized FedEx's scaled network as a competitive advantage in the current market. He also discussed the strategic decision to spin off the freight business, aiming to streamline operations and focus on core competencies. This move could potentially enhance FedEx's operational efficiency and market position.
FedEx's stock, trading at $275.88, saw a 0.9958% increase, with a price range of $273.19 to $277.99 during the trading day. The stock's 52-week high is $313.84, and the low is $234.45, reflecting its market volatility. With a market capitalization of approximately $67.4 billion and a trading volume of 4,023,749 shares, FedEx remains a significant player in the logistics industry.
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