At the time of writing, Fedex Corp [FDX] stock is trading at $294.28, up 0.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The FDX shares have gain 3.55% over the last week, with a monthly amount drifted -1.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on June 26, 2024, and elevated its price target to $359. On June 26, 2024, TD Cowen reiterated its Buy rating and revised its price target to $335 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $275 on June 07, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $250 remained the price target by the analyst firm on March 27, 2024. TD Cowen reiterated a Outperform rating for this stock on March 22, 2024, and upped its price target to $320. In a note dated January 08, 2024, Melius upgraded an Buy rating on this stock.
For the past year, the stock price of Fedex Corp fluctuated between $224.69 and $313.84. Currently, Wall Street analysts expect the stock to reach $276.79 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $294.28 at the most recent close of the market. An investor can expect a potential drop of -5.94% based on the average FDX price forecast.
Analyzing the FDX fundamentals
According to Fedex Corp [NYSE:FDX], the company’s sales were 87.69B for trailing twelve months, which represents an 0.82% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 291.76 points at the first support level, and at 289.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 295.72, and for the 2nd resistance point, it is at 297.15.
Ratios To Look Out For
It is important to note that Fedex Corp [NYSE:FDX] has a current ratio of 1.36. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 17.07.
Transactions by insiders
Recent insider trading involved Carere Brie, EVP/Chief Customer Officer, that happened on Jul 18 ’24 when 1958.0 shares were sold. EVP CDI Off & CTO/CEO FDW, Krishnasamy Sriram completed a deal on Jul 17 ’24 to sell 8421.0 shares. Meanwhile, Director Ellison Marvin R sold 2535.0 shares on Jul 11 ’24.
