FedEx Corporation [NYSE: FDX] price plunged by -3.13 percent to reach at -$9.47. The company report on May 13, 2021 that FedEx Announces the FedEx E-Commerce Learning Lab in Collaboration with Accion Opportunity Fund.
$1 million grant will be used to fund program to help businesses owned by women and people of color expand e-commerce operations.
FedEx announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching. The program is designed to help diverse small business owners who are looking to develop or expand their e-commerce operations as they continue to adapt their business models in the wake of the COVID-19 pandemic, with a focus on women and entrepreneurs of color.
A sum of 4345347 shares traded at recent session while its average daily volume was at 2.18M shares. FedEx Corporation shares reached a high of $302.62 and dropped to a low of $290.46 until finishing in the latest session at $293.11.
The one-year FDX stock forecast points to a potential upside of 12.04. The average equity rating for FDX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $333.24 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 2.00. 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 Outperform, with their previous recommendation back on May 03, 2021. The new note on the price target was released on April 13, 2021, representing the official price target for FedEx Corporation stock. Previously, the target price had yet another raise to $340, while Vertical Research analysts kept a Buy rating on FDX stock.
The Average True Range (ATR) for FedEx Corporation is set at 7.30, with the Price to Sales ratio for FDX stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 3.53, with the Price to Cash per share for the same quarter was set at 32.92. Price to Free Cash Flow for FDX in the course of the last twelve months was 24.93 with Quick ratio for the last quarter at 1.60.
FDX Stock Performance Analysis:
FedEx Corporation [FDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, FDX shares dropped by -5.23% in over the last four-week period, additionally sinking by -1.32% over the last 6 months – not to mention a rise of 102.58% 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 39.16, with the RSI for the last a single of trading hit 28.92, and the three-weeks RSI is set at 45.26 for FedEx Corporation [FDX]. The present Moving Average for the last 50 days of trading for this stock 296.84, while it was recorded at 301.49 for the last single week of trading, and 270.06 for the last 200 days.
Insight into FedEx Corporation 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 1.60 and a Current Ratio set at 1.60.
FDX Stock EPS
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 29.41%.
FedEx Corporation [FDX] Insider Position Details
There are presently around $56,740 million, or 74.50% of FDX stock, in the hands of institutional investors. The top three institutional holders of FDX stocks are: BLACKROCK INC. with ownership of 18,519,425, which is approximately 2.245% of the company’s market cap and around 5.60% of the total institutional ownership; VANGUARD GROUP INC, holding 18,109,972 shares of the stock with an approximate value of $5.31 billion in FDX stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $4.08 billion in FDX stock with ownership of nearly 1.599% of the company’s market capitalization.
Positions in FedEx Corporation stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 794 institutional holders increased their position in FedEx Corporation [NYSE:FDX] by around 16,069,677 shares. Additionally, 649 investors decreased positions by around 11,769,673 shares, while 258 investors held positions by with 165,741,123 shares. The mentioned changes placed institutional holdings at 193,580,473 shares, according to the latest SEC report filing. FDX stock had 181 new institutional investments in for a total of 2,579,565 shares, while 118 institutional investors sold positions of 850,124 shares during the same period.