The stock price of Fedex Corp (NYSE: FDX) has plunged by -1.57 when compared to previous closing price of 307.43, but the company has seen a -3.48% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Fedex Corp (NYSE: FDX) Right Now?
The price-to-earnings ratio for Fedex Corp (NYSE: FDX) is above average at 17.56x. The 36-month beta value for FDX is also noteworthy at 1.19. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 8 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FDX is 222.74M, and at present, short sellers hold a 1.67% of that float. The average trading volume of FDX on July 23, 2024 was 1.74M shares.
FDX’s Market Performance
The stock of Fedex Corp (FDX) has seen a -3.48% decrease in the past week, with a 19.29% rise in the past month, and a 12.01% gain in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 1.99% for FDX. The simple moving average for the past 20 days is 2.26% for FDX’s stock, with a 16.98% simple moving average for the past 200 days.
Analysts’ Opinion of FDX
Many brokerage firms have already submitted their reports for FDX stocks, with JP Morgan repeating the rating for FDX by listing it as a “Overweight.” The predicted price for FDX in the upcoming period, according to JP Morgan is $359 based on the research report published on June 26, 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 $335, previously predicting the price at $320. The rating they have provided for FDX stocks is “Buy” according to the report published on June 26th, 2024.
Wells Fargo gave a rating of “Equal Weight” to FDX, setting the target price at $275 in the report published on June 07th of the current year.
FDX Trading at 12.12% 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 -3.58% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +18.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.76% upper at present.
During the last 5 trading sessions, FDX fell by -3.24%, which changed the moving average for the period of 200-days by +16.66% in comparison to the 20-day moving average, which settled at $298.26. In addition, Fedex Corp saw 19.62% 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 Carere Brie, who sale 1,958 shares at the price of $310.43 back on Jul 18 ’24. After this action, Carere Brie now owns 19,937 shares of Fedex Corp, valued at $607,822 using the latest closing price.
Krishnasamy Sriram, the EVP CDI Off & CTO/CEO FDW of Fedex Corp, sale 8,421 shares at $310.14 during a trade that took place back on Jul 17 ’24, which means that Krishnasamy Sriram is holding 12,246 shares at $2,611,718 based on the most recent closing price.
Stock Fundamentals for FDX
Current profitability levels for the company are sitting at:
- 0.07 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 16.12, with 4.97 for asset returns.
Based on Fedex Corp (FDX), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 15.98.
Currently, EBITDA for the company is 10.64 billion with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 8.31for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In summary, Fedex Corp (FDX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
