Fedex Corp (NYSE: FDX) has a higher price-to-earnings ratio of 15.16x compared to its average ratio, The 36-month beta value for FDX is at 1.23. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 8 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FDX is 224.39M, and currently, shorts hold a 1.53% of that float. The average trading volume for FDX on April 18, 2024 was 2.08M shares.
FDX) stock’s latest price update
Fedex Corp (NYSE: FDX) has seen a decline in its stock price by -0.71 in relation to its previous close of 264.94. However, the company has experienced a -2.67% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-16 that With corporate profits at record highs, many companies are returning much of that cash to investors through share repurchase programs. You can profit from this trend by entering long-term positions in buyback stocks.
FDX’s Market Performance
Fedex Corp (FDX) has experienced a -2.67% fall in stock performance for the past week, with a 3.91% rise in the past month, and a 8.13% rise in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 1.91% for FDX. The simple moving average for the past 20 days is -4.20% for FDX’s stock, with a 2.83% 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 2.39% 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 -9.68% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.39% upper at present.
During the last 5 trading sessions, FDX fell by -2.67%, which changed the moving average for the period of 200-days by +6.12% in comparison to the 20-day moving average, which settled at $274.91. In addition, Fedex Corp saw 3.99% 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 SMITH FREDERICK W, who sale 113,400 shares at the price of $274.30 back on Apr 09 ’24. After this action, SMITH FREDERICK W now owns 14,505,844 shares of Fedex Corp, valued at $31,105,700 using the latest closing price.
Brightman Tracy B, the EVP – Chief People Officer of Fedex Corp, sale 2,550 shares at $275.69 during a trade that took place back on Apr 08 ’24, which means that Brightman Tracy B is holding 6,294 shares at $703,010 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 1.1. 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
In conclusion, Fedex Corp (FDX) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
