Latest news with #FDX
Yahoo
7 hours ago
- Business
- Yahoo
JPMorgan Slashes FedEx Corporation (FDX) PT to $260 Over Demand Concerns
On June 5, JPMorgan trimmed the price target for FedEx Corporation (NYSE:FDX) from $280 to $260 while reiterating an Overweight rating on the stock. Analysts have adjusted their outlook based on weak demand trends and the current tariff climate as the earnings date for FDX approaches. A driver unloading packages from a van for a time-critical delivery. FedEx's earnings call is scheduled for June 24, where many significant topics will be discussed. These include capacity utilization at FedEx, a recent collaboration with Inc. (NASDAQ:AMZN) for bigger packages, and savings goals with reference to Network 2.0. FedEx Corporation (NYSE:FDX) has solid operational efficiency, reflected by an $11 billion EBITDA and a 1.24 current ratio. Latest movements in fuel and extra handling surcharges have also drawn the attention of analysts. Despite the short-term obstacles, JPMorgan thinks FedEx is compelling based on a discounted sum-of-the-parts basis, keeping in mind the Network 2.0 integration and the spin-off resulting in FedEx Freight. However, the analysts warned investors that ongoing B2B friction could affect near-term performance. FedEx is a leading global logistics provider offering a comprehensive suite of services, including express shipping, ground delivery, and end-to-end supply chain solutions. While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
16 hours ago
- Business
- Yahoo
GlobalFoundries to invest $16bn in semiconductor production
US-based semiconductor manufacturer GlobalFoundries has announced a $16bn investment to enhance domestic semiconductor production. This investment will expand the company's manufacturing and advanced packaging capabilities across its facilities in New York and Vermont. The investment builds upon GlobalFoundries' existing US expansion plans, which include more than $13bn to expand and modernise its New York and Vermont facilities. Additionally, the company has announced funding for its newly launched New York Advanced Packaging and Photonics Centre, the first US-based facility dedicated to silicon photonics packaging. GlobalFoundries is committing an additional $3bn to advanced research and development initiatives. These initiatives focus on packaging innovation, silicon photonics, and next-generation GaN technologies. The company is collaborating with major technology firms such as Apple, SpaceX, AMD, Qualcomm Technologies, NXP, and GM. These companies will aid GlobalFoundries in reshoring semiconductor production to the US and diversifying their global supply chains. GlobalFoundries CEO Tim Breen said: 'At GlobalFoundries, we are proud to partner with pioneering technology leaders to manufacture their chips in the United States—advancing innovation while strengthening economic and supply chain resiliency. 'The AI revolution is driving strong, durable demand for GF's technologies that enable tomorrow's datacentres – including GF's leading silicon photonics, as well as GaN for power applications. 'Meanwhile at the edge, GF's proprietary FDX technology is uniquely positioned to support AI functionality with low power consumption. With all these technologies and more manufactured right here in the US, GF is proud to play its part in accelerating America's semiconductor leadership.' In February 2024, the US awarded $1.5bn to GlobalFoundries to expand its semiconductor production as the country looks to boost its domestic chip manufacturing. "GlobalFoundries to invest $16bn in semiconductor production" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mid East Info
2 days ago
- Business
- Mid East Info
GOL, TAP Adopt IATA FuelIS to Deliver Long-term Fuel Savings - Middle East Business News and Information
The International Air Transport Association IATA announced that GOL and TAP Air Portugal have become the first airlines to use IATA FuelIS—an advanced analytics solution designed to help airlines optimize fuel consumption. IATA's net-zero carbon emissions roadmap highlights that technology and operational efficiency improvements—which directly lower fuel consumption—are expected to contribute to about 10% of the emissions reduction in 2050*. 'Fuel management is key for airlines. Depending on the prevailing price of jet fuel, it generally accounts for 25-30% of the cost base. On top of that, as airlines decarbonize, tracking and managing carbon costs—which are directly related to fuel consumption—will be a growing priority. Understanding how an airline is performing compared with industry peers using FuelIS can pinpoint potential efficiencies that reduce costs and improve environmental performance. The great support from 220 airlines contributing operational data on fuel consumption combined with continuously improving analytical capabilities makes FuelIS a very compelling tool,' said Nick Careen, IATA Senior Vice President Operations, Safety and Security. Data Accuracy and Reliability: IATA FuelIS helps airlines benchmark the fuel efficiency of their aircraft or engines against industry averages, gaining valuable insights into specific markets, regions, countries, and fleet types based on real operational data. IATA FuelIS uses data from the IATA Global Aviation Data Management (GADM) platform. This data is sourced from the Flight Data eXchange (FDX) program which now comprises fuel data from more than 220 airlines worldwide, covering more than 8 million flights a year. FuelIS integrates seamlessly with IATA's Fuel Efficiency Gap Analysis (FEGA), with the data from FuelIS supporting the development and tracking of fuel strategies. Since 2005, IATA has partnered with airlines worldwide, helping the industry identify potential annual reductions of 4.76 million tonnes in fuel consumption, equating to $3.8 billion in savings annually. 'Fuel is a major cost driver for TAP Air Portugal. Managing consumption is an important priority for its cost implications and its contribution to decarbonization. Every kilogram of fuel saved counts. The insights FuelIS provides help us measure the impact of our fleet modernization and our long-term transition to SAF. It also supports a fuel strategy that is more responsive to market and operational changes,' said TAP Air Portugal CEO Luís Rodrigues. 'Fuel is a significant cost factor for all companies and managing how we use it is always important and can be a significant competitive advantage. With FuelIS, we are equipped with data that helps us make better fuel decisions while benchmarking our progress against the industry. Joining FuelIS is yet another important step in our commitment to continuously improve our operations, ensuring high-level performance and focusing on cost reduction,' said GOL COO, Albert Pérez.
Yahoo
3 days ago
- Business
- Yahoo
FedEx (FDX) Stock Dips While Market Gains: Key Facts
FedEx (FDX) closed at $217.89 in the latest trading session, marking a -0.1% move from the prior day. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.67%. Coming into today, shares of the package delivery company had lost 0.74% in the past month. In that same time, the Transportation sector gained 10.25%, while the S&P 500 gained 6.13%. Analysts and investors alike will be keeping a close eye on the performance of FedEx in its upcoming earnings disclosure. The company's earnings report is set to go public on June 24, 2025. It is anticipated that the company will report an EPS of $5.98, marking a 10.54% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $21.75 billion, showing a 1.62% drop compared to the year-ago quarter. Investors might also notice recent changes to analyst estimates for FedEx. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.23% lower. As of now, FedEx holds a Zacks Rank of #4 (Sell). In terms of valuation, FedEx is currently trading at a Forward P/E ratio of 12.01. This indicates a discount in contrast to its industry's Forward P/E of 13.77. Investors should also note that FDX has a PEG ratio of 1.13 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Transportation - Air Freight and Cargo industry held an average PEG ratio of 1.71. The Transportation - Air Freight and Cargo industry is part of the Transportation sector. With its current Zacks Industry Rank of 190, this industry ranks in the bottom 24% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
29-05-2025
- Business
- Yahoo
UBS Lowers FedEx (FDX) Price Target, Keeps Buy Rating
On Wednesday, May 28, UBS analyst Thomas Wadewitz lowered the price target on FedEx Corporation (NYSE:FDX) from $331 to $311 and maintained a 'Buy' rating. Wadewitz noted that the business environment for FedEx Corporation (NYSE:FDX) in the fourth quarter of fiscal year 2025 looks more unstable and weaker than previously forecasted. This is especially true for the company's international segment. This observation contrasts with FedEx Corporation's (NYSE:FDX) own expectations shared during the earnings call for the third quarter of the fiscal year 2025, which was held in March. A driver unloading packages from a van for a time-critical delivery. The corporation's financial performance, particularly margins and earnings per share (EPS), is sensitive to changes in demand. This has led to UBS revising its fourth-quarter fiscal year 2025 EPS estimate for FedEx Corporation (NYSE:FDX). The EPS estimate has been reduced to $5.80 per share from the previous estimate of $6.22 per share. This new EPS estimate is below the consensus estimate of $6.01 per share. FedEx Corporation (NYSE:FDX) is a global transportation and logistics company with a global network. The corporation offers a wide range of transportation, e-commerce, and business services. While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FDX and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data
