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MarketScreener Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

FEDEX CORPORATION

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FedEx Corporation : International Services Agreement on Trade: Great for U.S. Economy and ...

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01/15/2013 | 06:46pm EST

Washington, DC, January 15, 2013 -- Today the Office of the United States Trade Representative (USTR) notified Congress of its intent to enter into negotiations on a new services-only plurilateral trade agreement, the International Services Agreement (ISA).  

That's great news for the U.S. economy and the world trading system.  Services account for approximately 75% of U.S. economic output.  Yet the U.S. services sector only exports about 3% of its gross tradable output, largely because international services markets remain heavily restricted and U.S. service suppliers face a wide range of barriers to doing business in overseas markets. 

FedEx strongly supports negotiating the ISA.  It will benefit FedEx by removing many of the investment and other market access barriers that our industry faces around the world.  It will be good for many of our customers as well because they will be able to offer, and use, more services around the world. 

Finally, it will be good for the United States economy because the U.S. would enjoy huge advantages from services liberalization around the world.  Engineers, architects, accountants, health care providers, and of course, transportation companies will all benefit from new opportunities to expand their businesses internationally.

ISA provides a unique opportunity to negotiate a high-standard services agreement among a group of 20 or so like-minded countries that share in the belief that services liberalization is important to their own economic futures.   The ISA would seek to open up new services markets by removing barriers to services investment and it would also strengthen and modernize the rules for services trade to ensure that service companies have a level competitive playing field. 

FedEx's Ralph Carter wrote a blog post about how an International Services Agreement will foster trade and create growth opportunities for FedEx, our customers and our country. Click here to read the full blog. 

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Financials (USD)
Sales 2020 69 196 M
EBIT 2020 3 604 M
Net income 2020 2 550 M
Debt 2020 16 877 M
Yield 2020 1,86%
P/E ratio 2020 14,7x
P/E ratio 2021 12,2x
EV / Sales2020 0,78x
EV / Sales2021 0,75x
Capitalization 36 862 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 166,60  $
Last Close Price 141,17  $
Spread / Highest target 37,4%
Spread / Average Target 18,0%
Spread / Lowest Target -22,8%
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Managers
NameTitle
Frederick Wallace Smith Chairman & Chief Executive Officer
Rajesh Subramaniam President, Chief Operating Officer & Director
Alan B. Graf Chief Financial Officer & Executive Vice President
Robert B. Carter Chief Information Officer
John A. Edwardson Independent Director
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