Is Wall Street High Or Low On FedEx Corporation (FDX)?

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FedEx Corporation (NYSE:FDX) finished Thursday with an addition of $1.29 to close at $154.54, an upside of 0.84 percent. An average of 12,951,200 shares of common stock have been traded in the last five days. There was a fall of -$50.33 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 4,647,795 shares traded, while the 50-day average volume stands at 2,749,650.

FDX stock has decreased by -31.39% in the last month. The company shares reached their 1-month lowest point of $150.34 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $153.25 and a high of $266.79 in 52 weeks. It has reached a new high 3 times so far this year and lost -40.25% or -$104.10 in price. In spite of this, the price is down -42.08% from the 52-week high.


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Insider Transactions

42 days have passed since FedEx Corporation (FDX) last reported insider trading activity. Carere Brie, who is EVP/Chief Customer Officer, most recently acquired $11,235 shares at $228.85 per share on Aug 12. In this transaction, the insider spent $2,571,081. EVP – Chief Sales Officer, Brannon Jill, disposed of 1,406 shares at a price of $237.77 on Aug 05. The insider now owns more than $334,309 worth of shares. Prior to that, EVP – Chief Sales Officer Brannon Jill went on to Sale 5,620 shares at $237.00 each on Aug 05. An amount of $1,331,940 was transacted.

Valuation Metrics

FedEx Corporation (FDX) has a trailing price-to-earnings (P/E) ratio of 10.71. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.55, the price-to-book (PB) ratio at 1.61, and the price-to-cash flow ratio at 22.45.

The company has a payout ratio of 20.70%. The company’s most recent quarterly dividend payment was $1.15 a share, without any change from last year. Its latest increase dividend $0.40 reported on Tuesday June 14 2022.

Financial Health

The quick ratio of FedEx Corporation for the three months ended August 30 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.81 for the quarter ending August 30. Its gross profit as reported stood at $64.28 billion compared to revenue of $93.51 billion.

Earnings Surprise

For the three-month period that ended August 30, FedEx Corporation had $20.39 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.11 billion in the quarter, while revenues were grew 19.78%. The analyst consensus anticipated FedEx Corporation’s latest quarter earnings to come in at $5.14 per share, but it turned out to be $3.44, a -33.10% surprise. For the quarter, EBITDA amounted to $2.94 billion. Shareholders own equity worth $259.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at FedEx Corporation (FDX) price momentum. RSI 9-day as of the close on 22 September was 15.85%, suggesting the stock is oversold, with historical volatility in this time frame at 117.63%.

As of today, FDX’s price is $157.82 -24.57% or -$50.33 from its 5-day moving average. FDX is currently trading -31.64% lower than its 20-day SMA and -22.24% lower than its 100-day SMA. However, the stock’s current price level is -28.50% below the SMA50 and -36.94% below the SMA200.

The stochastic %K and %D were 7.57% and 8.23%, respectively, and the average true range (ATR) was 9.45. With the 14-day stochastic at 6.41% and the average true range at 8.62, the RSI (14) stands at 19.68%. The stock has reached -24.73 on the 9-day MACD Oscillator while the 14-day reading was at -33.84.

Analyst Ratings

Stifel downgraded FedEx Corporation (NYSE: FDX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for FedEx Corporation (FDX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FDX, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 12 others rate it as a “buy”.

What is FDX’s price target for the next 12 months?

Analysts predict a range of price targets between $165.00 and $320.00, with a median target of $232.00. Taking a look at these predictions, the average price target given by analysts for FedEx Corporation (FDX) stock is $229.92.

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