Fedex Corp (NYSE: FDX) has a price-to-earnings ratio that is above its average at 15.88x. The stock has a 36-month beta value of 1.23. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 8 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FDX is 225.66M, and at present, short sellers hold a 1.49% of that float. On April 09, 2024, the average trading volume of FDX was 2.14M shares.
FDX) stock’s latest price update
Fedex Corp (NYSE: FDX) has seen a rise in its stock price by 0.75 in relation to its previous close of 273.52. However, the company has experienced a -1.63% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that It’s hard to believe we’re already a quarter of the way through 2024. So far, it’s been a solid year for equities, but the first week in April was the worst performance since October 2023.
FDX’s Market Performance
Fedex Corp (FDX) has seen a -1.63% fall in stock performance for the week, with a 10.12% gain in the past month and a 11.65% surge in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.85% for FDX. The simple moving average for the past 20 days is 2.64% for FDX’s stock, with a 8.18% simple moving average for the past 200 days.
Analysts’ Opinion of FDX
Many brokerage firms have already submitted their reports for FDX stocks, with Exane BNP Paribas repeating the rating for FDX by listing it as a “Underperform.” The predicted price for FDX in the upcoming period, according to Exane BNP Paribas is $250 based on the research report published on March 27, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see FDX reach a price target of $320, previously predicting the price at $293. The rating they have provided for FDX stocks is “Outperform” according to the report published on March 22nd, 2024.
FDX Trading at 8.71% from the 50-Day Moving Average
After a stumble in the market that brought FDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.39% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +11.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.87% upper at present.
During the last 5 trading sessions, FDX fell by -1.63%, which changed the moving average for the period of 200-days by +22.02% in comparison to the 20-day moving average, which settled at $269.88. In addition, Fedex Corp saw 8.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FDX starting from Brightman Tracy B, who sale 2,550 shares at the price of $275.69 back on Apr 08 ’24. After this action, Brightman Tracy B now owns 6,294 shares of Fedex Corp, valued at $703,010 using the latest closing price.
Subramaniam Rajesh, the President/CEO of Fedex Corp, sale 18,384 shares at $274.55 during a trade that took place back on Apr 05 ’24, which means that Subramaniam Rajesh is holding 55,487 shares at $5,047,342 based on the most recent closing price.
Stock Fundamentals for FDX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.23 for the gross margin
The net margin for Fedex Corp stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 17.18, with 5.11 for asset returns.
Based on Fedex Corp (FDX), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is 49.17.
Currently, EBITDA for the company is 9.94 billion with net debt to EBITDA at 3.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 8.84for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
To sum up, Fedex Corp (FDX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
