Fedex Corp [FDX] stock is trading at $263.07, down -0.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FDX shares have lost -2.67% over the last week, with a monthly amount glided 3.91%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fedex Corp [NYSE: FDX] stock has seen the most recent analyst activity on March 27, 2024, when Exane BNP Paribas downgraded its rating to a Underperform but kept the price target unchanged to $250 for it. Previously, TD Cowen reaffirmed its Outperform rating on March 22, 2024, and elevated its price target to $320. On January 08, 2024, upgrade upgraded it’s rating to Buy. TD Cowen reiterated its Outperform rating and increased its price target to $293 on December 12, 2023. Susquehanna upgraded its rating to a Positive and raised its price target to $315 on October 02, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 29, 2023, and assigned it a price target of $330. In a note dated September 18, 2023, Evercore ISI reiterated an Outperform rating on this stock and boosted its target price from $275 to $276.
Fedex Corp [FDX] stock has fluctuated between $213.80 and $291.27 over the past year. Currently, Wall Street analysts expect the stock to reach $264.41 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $263.07 at the most recent close of the market. An investor can expect a potential return of 0.51% based on the average FDX price forecast.
Analyzing the FDX fundamentals
Fedex Corp [NYSE:FDX] reported sales of 87.51B for the trailing twelve months, which represents a drop of -1.94%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.06%, 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 0.17 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
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 261.55 points at the first support level, and at 260.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 265.26, and for the 2nd resistance point, it is at 267.45.
Ratios To Look Out For
For context, Fedex Corp’s Current Ratio is 1.31. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 3.17 and price to earnings (TTM) ratio is 15.16.
Transactions by insiders
Recent insider trading involved SMITH FREDERICK W, Executive Chairman, that happened on Apr 09 ’24 when 0.11 million shares were sold. EVP – Chief People Officer, Brightman Tracy B completed a deal on Apr 08 ’24 to sell 2550.0 shares. Meanwhile, President/CEO Subramaniam Rajesh sold 18384.0 shares on Apr 05 ’24.
