Why FedEx Shares Are Trading Higher Today

Benzinga2021-04-27

FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $340 to $350.

UPS, a peer company of FedEx, reported Q1 sales of $22.90 billion, which beat the consensus estimate of $20.49 billion.

In its fiscal 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 stock was trading 5.62% higher at $291.09 at the time of publication. The stock has a 52-week low of $103.40 and a 52-week high of $305.66.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Benedictwh
2021-04-27
Benedictwh
Nice

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2130320699?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-27 22:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2130320699","market":"us","top_or_hot":-1,"title":"Why FedEx Shares Are Trading Higher Today","media":"Benzinga","content":"<html><body><p>FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $340 to $350.</p>\n<p>UPS, a peer company of FedEx, reported Q1 sales of $22.90 billion, which beat the consensus estimate of $20.49 billion. </p>\n<p>In its fiscal 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.</p>\n<p>FedEx stock was trading 5.62% higher at $291.09 at the time of publication. The stock has a 52-week low of $103.40 and a 52-week high of $305.66.</p>\n</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why FedEx Shares Are Trading Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy FedEx Shares Are Trading Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/node/20816056><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $...</p>\n\n<a href=\"https://www.benzinga.com/node/20816056\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPS","symbol_name":"联合包裹","start_time":0,"source_url":"https://www.benzinga.com/node/20816056","article_id":"2130320699","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2130320699","pubTimestamp":1619534979,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $340 to $350.\n\nUPS, a peer company of FedEx, reported Q1 sales of $22.90 billion, which beat the consensus estimate of $20.49 billion. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UPS":"联合包裹","FDX":"联邦快递"},"translate_title":"为什么联邦快递股票今天会涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":1,"UPS":0.9},"content_text":"FedEx shares are trading higher in sympathy with UPS, which reported better-than-expected Q1 EPS and sales results. Berenberg also maintained a Buy rating on FedEx and raised its price target from $340 to $350.\nUPS, a peer company of FedEx, reported Q1 sales of $22.90 billion, which beat the consensus estimate of $20.49 billion. \nIn its fiscal 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.\nFedEx stock was trading 5.62% higher at $291.09 at the time of publication. The stock has a 52-week low of $103.40 and a 52-week high of $305.66.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":377543398,"gmtCreate":1619539014714,"gmtModify":1704725681285,"author":{"id":"3566054436609206","authorId":"3566054436609206","name":"Benedictwh","avatar":"https://static.tigerbbs.com/878ea9e6744f5312d4a4a905a4449811","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3566054436609206","authorIdStr":"3566054436609206"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377543398","repostId":2130320699,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2130320699"}