Currently, Fedex Corp [FDX] is trading at $310.43, down -0.99%. 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 5.85% over the last week, with a monthly amount glided 25.97%, 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 June 26, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $359 from $296. Previously, TD Cowen reaffirmed its Buy rating on June 26, 2024, and elevated its price target to $335. On June 07, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $275 on the stock. Exane BNP Paribas downgraded its rating to a Underperform but stick to its price target of $250 on March 27, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $320 on March 22, 2024. Melius upgraded its rating to Buy for this stock on January 08, 2024. In a note dated December 12, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $290 to $293.
This stock has fluctuated between a low of $224.69 and a high of $313.84 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $275.46 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $310.43 at the most recent close of the market. An investor can expect a potential drop of -11.27% based on the average FDX price forecast.
Analyzing the FDX fundamentals
Trailing Twelve Months sales for Fedex Corp [NYSE:FDX] were 87.69B which represents 0.82% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.07%, 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 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
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 307.80 points at the first support level, and at 305.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 313.37, and for the 2nd resistance point, it is at 316.30.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fedex Corp [NYSE:FDX] is 1.36. Further, the Quick Ratio stands at 1.32, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 18.01.
Transactions by insiders
Recent insider trading involved Ellison Marvin R, Director, that happened on Jul 11 ’24 when 2535.0 shares were sold. CVP Chief Accounting Officer, Erwin Guy M II completed a deal on Jul 03 ’24 to sell 116.0 shares. Meanwhile, Director STEINER DAVID P sold 1369.0 shares on Jul 02 ’24.
