At the time of writing, Fedex Corp [FDX] stock is trading at $273.68, up 2.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FDX shares have gain 5.75% over the last week, with a monthly amount drifted -7.62%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Fedex Corp [NYSE: FDX] stock has seen the most recent analyst activity on September 20, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $328 from $334. Previously, Morgan Stanley downgraded its rating to Underweight on September 20, 2024, and dropped its price target to $200. On September 20, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $300 on the stock. JP Morgan upgraded its rating to a Overweight and raised its price target to $359 on June 26, 2024. TD Cowen reiterated a Buy rating for this stock on June 26, 2024, and upped its price target to $335. In a note dated June 07, 2024, Wells Fargo initiated an Equal Weight rating and provided a target price of $275 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 $280.79 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $273.68 at the most recent close of the market. An investor can expect a potential return of 2.6% based on the average FDX price forecast.
Analyzing the FDX fundamentals
According to Fedex Corp [NYSE:FDX], the company’s sales were 87.59B for trailing twelve months, which represents an -0.47% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, 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 0.15 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.39.
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 269.58 points at the first support level, and at 265.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 277.27, and for the 2nd resistance point, it is at 280.85.
Ratios To Look Out For
It is important to note that Fedex Corp [NYSE:FDX] has a current ratio of 1.28. In addition, the Quick Ratio stands at 1.24 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 3.20 and price to earnings (TTM) ratio is 16.89.
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.
