Fedex Corp (NYSE: FDX) has a price-to-earnings ratio of 16.98x that is above its average ratio. Additionally, the 36-month beta value for FDX is 1.18. 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.”
The public float for FDX is 223.55M and currently, short sellers hold a 1.25% ratio of that float. The average trading volume of FDX on September 30, 2024 was 1.78M shares.
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FDX) stock’s latest price update
The stock price of Fedex Corp (NYSE: FDX) has jumped by 2.87 compared to previous close of 267.55. Despite this, the company has seen a gain of 6.36% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-30 that FedEx’s DRIVE and Network 2.0 programs aim to streamline operations, saving $6 billion annually by 2028 without sacrificing top line growth. Despite a recent 9% stock price drop, FedEx offers a 4.0% buyback yield and 2.1% dividend yield, making it attractive for long-term investors. The expiration of the USPS airmail contract poses short-term challenges but could improve margins through better fleet utilization and cost management.
FDX’s Market Performance
FDX’s stock has risen by 6.36% in the past week, with a monthly drop of -7.09% and a quarterly drop of -7.85%. The volatility ratio for the week is 2.23% while the volatility levels for the last 30 days are 2.12% for Fedex Corp The simple moving average for the past 20 days is -2.48% for FDX’s stock, with a 2.95% simple moving average for the past 200 days.
Analysts’ Opinion of FDX
Many brokerage firms have already submitted their reports for FDX stocks, with TD Cowen repeating the rating for FDX by listing it as a “Buy.” The predicted price for FDX in the upcoming period, according to TD Cowen is $328 based on the research report published on September 20, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FDX reach a price target of $200, previously predicting the price at $215. The rating they have provided for FDX stocks is “Underweight” according to the report published on September 20th, 2024.
HSBC Securities gave a rating of “Hold” to FDX, setting the target price at $300 in the report published on September 20th of the current year.
FDX Trading at -4.51% 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 -12.30% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -7.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.72% lower at present.
During the last 5 trading sessions, FDX rose by +6.85%, which changed the moving average for the period of 200-days by +1.29% in comparison to the 20-day moving average, which settled at $281.12. In addition, Fedex Corp saw 8.80% 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:
- 0.06 for the present operating margin
- 0.22 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 15.05, with 4.64 for asset returns.
Based on Fedex Corp (FDX), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is 19.67.
Currently, EBITDA for the company is 10.64 billion with net debt to EBITDA at 3.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 8.49for 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 1.28.
Conclusion
In conclusion, Fedex Corp (FDX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
