A share price of Fedex Corp [FDX] is currently trading at $272.87, up 1.80%. 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 lost -0.51% over the last week, with a monthly amount glided 3.45%, 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 October 09, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $301. Previously, TD Cowen reaffirmed its Buy rating on September 20, 2024, and dropped its price target to $328. On September 20, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $200 on the stock. HSBC Securities downgraded its rating to a Hold but stick to its price target of $300 on September 20, 2024. JP Morgan upgraded its rating to Overweight for this stock on June 26, 2024, and upped its price target to $359. In a note dated June 26, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $320 to $335.
Fedex Corp experienced fluctuations in its stock price throughout the past year between $224.69 and $313.84. Currently, Wall Street analysts expect the stock to reach $281.36 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $272.87 at the most recent close of the market. An investor can expect a potential return of 3.11% based on the average FDX price forecast.
Analyzing the FDX fundamentals
Trailing Twelve Months sales for Fedex Corp [NYSE:FDX] were 87.59B which represents -0.47% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.39.
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 269.55 points at the first support level, and at 266.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 277.44, and for the 2nd resistance point, it is at 282.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fedex Corp [NYSE:FDX] is 1.28. Further, the Quick Ratio stands at 1.24, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 3.19 and price to earnings (TTM) ratio is 16.84.
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.
