Fedex Corp (NYSE: FDX) has a higher price-to-earnings ratio of 17.77x compared to its average ratio, The 36-month beta value for FDX is at 1.18. Analysts have varying views on the stock, with 15 analysts rating it as a “buy,” 8 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for FDX is 223.59M, and currently, shorts hold a 1.86% of that float. The average trading volume for FDX on November 21, 2024 was 1.66M shares.
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FDX) stock’s latest price update
The stock price of Fedex Corp (NYSE: FDX) has plunged by -1.72 when compared to previous closing price of 293.06, but the company has seen a -1.32% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-18 that FedEx (FDX) closed at $295.21 in the latest trading session, marking a +0.25% move from the prior day.
FDX’s Market Performance
FDX’s stock has fallen by -1.32% in the past week, with a monthly rise of 6.76% and a quarterly drop of -2.12%. The volatility ratio for the week is 1.80% while the volatility levels for the last 30 days are 1.89% for Fedex Corp The simple moving average for the past 20 days is 2.03% for FDX’s stock, with a 6.02% simple moving average for the past 200 days.
Analysts’ Opinion of FDX
Many brokerage firms have already submitted their reports for FDX stocks, with Citigroup repeating the rating for FDX by listing it as a “Buy.” The predicted price for FDX in the upcoming period, according to Citigroup is $301 based on the research report published on October 09, 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 $328, previously predicting the price at $334. The rating they have provided for FDX stocks is “Buy” according to the report published on September 20th, 2024.
Morgan Stanley gave a rating of “Underweight” to FDX, setting the target price at $200 in the report published on September 20th of the current year.
FDX Trading at 4.41% 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 -8.22% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.11% upper at present.
During the last 5 trading sessions, FDX fell by -1.32%, which changed the moving average for the period of 200-days by +19.36% in comparison to the 20-day moving average, which settled at $282.30. In addition, Fedex Corp saw 13.86% 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 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 19.67.
Currently, EBITDA for the company is 11.25 billion with net debt to EBITDA at 2.92. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. 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 had a mixed 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.
