Fedex Corp [FDX] stock is trading at $273.16, down -1.54%. 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 lost -2.85% over the last week, with a monthly amount drifted -7.47%, and not 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 December 03, 2024, when Bernstein downgraded its rating to a Mkt Perform and also revised its price target to $316 from $337. Previously, Citigroup started tracking the stock with Buy rating on October 09, 2024, and set its price target to $301. On September 20, 2024, TD Cowen reiterated its Buy rating and revised its price target to $328 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $200 on September 20, 2024. HSBC Securities downgraded its rating to a Hold but $300 remained the price target by the analyst firm on September 20, 2024. In a note dated June 26, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $296 to $359.
Fedex Corp [FDX] stock has fluctuated between $234.45 and $313.84 over the past year. Currently, Wall Street analysts expect the stock to reach $306.6 within the next 12 months. Fedex Corp [NYSE: FDX] shares were valued at $273.16 at the most recent close of the market. An investor can expect a potential return of 12.24% based on the average FDX price forecast.
Analyzing the FDX fundamentals
Fedex Corp [NYSE:FDX] reported sales of 87.59B for the trailing twelve months, which represents a drop of -0.47%. 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 of0.82.
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 270.24 points at the first support level, and at 267.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 278.70, and for the 2nd resistance point, it is at 284.23.
Ratios To Look Out For
For context, Fedex Corp’s Current Ratio is 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 16.85.
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.
