A share price of Fedex Corp [FDX] is currently trading at $248.97, up 1.88%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FDX shares have gain 1.97% over the last week, with a monthly amount glided 2.13%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, FedEx to Launch 12th Annual Small Business Grants Program. In a post published today on Yahoo Finance, 10 Winners to be Selected; More Than $230,000 in Cash and Prizes to be Awarded.
From an analyst’s perspective:
Fedex Corp [NYSE: FDX] stock has seen the most recent analyst activity on January 08, 2024, when Melius upgraded its rating to a Buy. Previously, TD Cowen reaffirmed its Outperform rating on December 12, 2023, and elevated its price target to $293. On October 02, 2023, upgrade upgraded it’s rating to Positive and revised its price target to $315 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $330 on September 29, 2023. Evercore ISI reiterated its recommendation of a Outperform and raised its price target to $276 on September 18, 2023. Atlantic Equities started tracking with a Overweight rating for this stock on June 06, 2023, and assigned it a price target of $265. In a note dated April 06, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $285.
Fedex Corp experienced fluctuations in its stock price throughout the past year between $190.83 and $285.53. Currently, Wall Street analysts expect the stock to reach $248.96 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $248.97 at the most recent close of the market.
Analyzing the FDX fundamentals
Trailing Twelve Months sales for Fedex Corp [NYSE:FDX] were 87.94B which represents -2.84% decline. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.16 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 246.30 points at the first support level, and at 243.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 250.55, and for the 2nd resistance point, it is at 252.13.
Fedex Corp [FDX] reported earnings per share of $3.99 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.18/share, meaning a difference of -$0.19 and a surprise factor of -4.50%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $4.55 per share as compared to estimates of $3.73 per share, a difference of $0.82 representing a surprise of 22.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fedex Corp [NYSE:FDX] is 1.34. Further, the Quick Ratio stands at 1.30, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 14.75.
Transactions by insiders
Insider trading, which has resulted in 5 insider purchases of 56,249 shares and 1 insider sales of 55,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved DIETRICH JOHN W, EVP CHIEF FINANCIAL OFF, that happened on Dec 28 when 1000.0 shares were purchased. Director, LANE AMY B completed a deal on Dec 26 to buy 200.0 shares. Meanwhile, CVP PRIN ACCT OFFICER Johnson Jennifer L sold 13348.0 shares on Oct 06.
