FedEx Corp. Buyback
OLI recorded this information on 1/26/2016
Company:
FedEx Corp.
Buyback:
FDX buyback
Share Amount Authorized:
25,000,000
Buyback Details:
FedEx Corp. (NYSE:FDX) announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions.
FedEx is a holding company. Through its subsidiaries, Co. provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating collaboratively and digitally, under the FedEx brand. These companies are included in the following business segments: Federal Express Corporation, which is an express transportation company; FedEx Ground Package System, Inc., which provides small-package ground delivery services; FedEx Freight Corporation, which provides less-than-truckload freight services; and FedEx Corporate Services, Inc., which provides billing and collection services, and certain back-office functions that support its operating segments.
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Avg. Broker Rec.
 
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Buy (3.25 out of 4) 31st percentile
(ranked lower than approx. 69% of all stocks covered)
Analysts' Target Price: FDX Stock Forecast Based on Zacks ABR data; powered by Xignite |
