The stock of FedEx Corporation (NYSE:FDX) increased by $0.69 on Tuesday to finish at $249.99, up 0.28 percent. The last five days have seen an average of 1,833,600 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $76.79. The average number of shares traded over the last 20 days was 1,497,785, while the average volume over the last 50 days totaled 1,673,848.
FDX stock dropped -4.82% since last month. On 09/19/23, the company’s shares reached a one-month low of $246.05. The stock touched a high of $270.95 on 07/31/23, after rallying from a low of $141.92 in 52 weeks. The price of FDX stock has risen by 44.34% or $76.79 this year, reaching a new high 29 times. Still, the stock price is down -7.74% from the 52-week high.
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Insider Transactions
FDX stock investors should be aware that FedEx Corporation (FDX) stock had its last reported insider trading activity 62 days ago on Jul 20. On Jul 20, EVP CHIEF FINANCIAL OFF Lenz Michael C. sold 5,745 shares at $261.88 each. This transaction resulted in the insider making $1,504,474. On Jun 28, CARTER ROBERT B sold 19,270 shares at a price of US$246.00. After the transaction, the insider now owns 58,875 shares. CVP PRIN ACCT OFFICER Johnson Jennifer L had earlier sold 10,801 shares on Jun 27 for $238.61 a share. The transaction was completed for $2,577,187.
Valuation Metrics
FedEx Corporation (FDX) has a trailing price-to-earnings (P/E) ratio of 16.10. Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 2.41, and the price-to-cash flow ratio of 23.79.
Company paid $1.26 per share in dividends, remained unchanged from $1.26 last year. A $0.11 dividend increase was reported on Wednesday April 5 2023.
Financial Health
For the three months ended May 30, FedEx Corporation’s quick ratio was 1.30, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.78, and the total debt to equity ratio is 0.79. As far as profitability goes, gross margin for the trailing twelve months is 69.30% percent. FedEx Corporation’s EBITDA margin for the year ended May 30 was 10.55%, whereas its operating margin stood at 5.40% for the same period. Based on annual data, it had gross profit of $62.46 billion and revenue of $90.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FDX’s return on assets (ROA) during the last 12 months has been 4.60%. There was a 7.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.90%.
Earnings Surprise
According to FedEx Corporation’s quarterly financial report for the quarter that ended May 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $21.93 billion, while revenues fell by -11.24% to $22.17 billion. It was predicted that FedEx Corporation’s quarterly earnings would be $4.94, but it ended up being $4.89, beating the consensus by 1.00%. EBITDA was $2.69 billion for the quarter. At the end of FedEx Corporation’s most recent quarter ended May 30, its liabilities totaled 61.05 billion, while its total debt was $38.33 billion. Equity owned by shareholders amounts to $251.19 million.
Technical Picture
Here’s a quick look at FedEx Corporation’s (FDX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 35.37%, suggesting the stock is Neutral, with a 17.52% historical volatility rate.
The stochastic %K and %D were 16.83% and 24.28% respectively, while the average true range (ATR) was 4.63. Based on the 14-day stochastic reading of 20.99%, the RSI (14) reading is 38.39%. On the 9-day MACD Oscillator, the stock is at -2.01, and the 14-day reading is at -4.46.
Analyst Ratings
In a note to investors, Evercore ISI maintained its an Outperform rating on FedEx Corporation (NYSE: FDX). However, the firm raised their price target to $276, indicating a possible increase of 9.09% in the stock price. Analysts have assigned FedEx Corporation (FDX) an Overweight rating. FDX is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 4 rates it overweight and 14 others recommend it as a buy.
What is FDX’s price target for the next 12 months?
The current consensus forecast for the stock is between $200.00 and $312.00, with a median target price of $279.00. In analyzing these forecasts, the average price target given by analysts for FedEx Corporation (FDX) is $275.23.
