FedEx Corporation [NYSE: FDX] closed the trading session at $263.51 on 03/18/21. The day’s price range saw the stock hit a low of $262.895, while the highest price level was $269.27. The company report on March 19, 2021 that FedEx Corp. Reports Strong Third Quarter Results.
Operating Results Significantly Impacted by Severe Winter WeatherContinued Strong Earnings Growth Expected in Fourth Quarter.
FedEx Corp. (NYSE: FDX) reported the following consolidated results for the quarter ended February 28 (adjusted measures exclude the items listed below for the applicable fiscal year):.
The stocks have a year to date performance of 1.50 percent and weekly performance of -1.85 percent. The stock has been moved at 5.28 percent over the last six months. The stock has performed 1.71 percent around the most recent 30 days and changed -7.78 percent over the most recent 3-months.
If compared to the average trading volume of 2.74M shares, FDX reached to a volume of 4275450 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about FedEx Corporation [FDX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FDX shares is $324.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FDX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for FedEx Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on January 07, 2021. While these analysts kept the previous recommendation, Cowen raised their target price from $328 to $335. The new note on the price target was released on December 18, 2020, representing the official price target for FedEx Corporation stock. Previously, the target price had yet another raise from $290 to $328, while Cowen kept a Outperform rating on FDX stock. On December 01, 2020, analysts increased their price target for FDX shares from 240 to 360.
The Average True Range (ATR) for FedEx Corporation is set at 7.67, with the Price to Sales ratio for FDX stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 3.31, with the Price to Cash per share for the same quarter was set at 31.66. Price to Free Cash Flow for FDX in the course of the last twelve months was 32.37 with Quick ratio for the last quarter at 1.70.
FDX stock trade performance evaluation
FedEx Corporation [FDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.85. With this latest performance, FDX shares gained by 1.71% in over the last four-week period, additionally plugging by 5.28% over the last 6 months – not to mention a rise of 164.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FDX stock in for the last two-week period is set at 53.75, with the RSI for the last a single of trading hit 53.73, and the three-weeks RSI is set at 52.95 for FedEx Corporation [FDX]. The present Moving Average for the last 50 days of trading for this stock 254.28, while it was recorded at 265.45 for the last single week of trading, and 232.48 for the last 200 days.
FedEx Corporation [FDX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and FedEx Corporation [FDX] shares currently have an operating margin of +4.12 and a Gross Margin at +19.28. FedEx Corporation’s Net Margin is presently recorded at +1.86.
Return on Total Capital for FDX is now 6.36, given the latest momentum, and Return on Invested Capital for the company is 2.96. Return on Equity for this stock inclined to 7.12, with Return on Assets sitting at 2.01. When it comes to the capital structure of this company, FedEx Corporation [FDX] has a Total Debt to Total Equity ratio set at 197.44. Additionally, FDX Total Debt to Total Capital is recorded at 66.38, with Total Debt to Total Assets ending up at 49.12. Long-Term Debt to Equity for the company is recorded at 186.65, with the Long-Term Debt to Total Capital now at 62.75.
Reflecting on the efficiency of the workforce at the company, FedEx Corporation [FDX] managed to generate an average of $5,241 per employee. Receivables Turnover for the company is 7.04 with a Total Asset Turnover recorded at a value of 1.08.FedEx Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.80.
Earnings per share (EPS) analysis for FedEx Corporation [FDX] stock
With the latest financial reports released by the company, FedEx Corporation posted 2.53/share EPS, while the average EPS was predicted by analysts to be reported at 1.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FDX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FedEx Corporation go to 29.03%.
FedEx Corporation [FDX]: Insider Ownership positions
There are presently around $49,944 million, or 72.90% of FDX stock, in the hands of institutional investors. The top three institutional holders of FDX stocks are: VANGUARD GROUP INC with ownership of 19,576,802, which is approximately -0.397% of the company’s market cap and around 5.60% of the total institutional ownership; BLACKROCK INC., holding 18,112,791 shares of the stock with an approximate value of $4.77 billion in FDX stocks shares; and DODGE & COX, currently with $3.62 billion in FDX stock with ownership of nearly -21.865% of the company’s market capitalization.
Positions in FedEx Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 778 institutional holders increased their position in FedEx Corporation [NYSE:FDX] by around 13,736,164 shares. Additionally, 650 investors decreased positions by around 19,153,634 shares, while 204 investors held positions by with 156,644,062 shares. The mentioned changes placed institutional holdings at 189,533,860 shares, according to the latest SEC report filing. FDX stock had 231 new institutional investments in for a total of 2,253,694 shares, while 99 institutional investors sold positions of 2,655,342 shares during the same period.