FedEx Corporation [NYSE: FDX] gained 1.09% or 2.41 points to close at $223.73 with a heavy trading volume of 4563489 shares. The company report on October 13, 2021 that Strengthening Small Businesses & Communities Through Preparedness.
By Jennifer Pipa, Vice President, Disaster Programs, American Red Cross.
Northampton, MA –News Direct– FedEx Corporation.
It opened the trading session at $222.02, the shares rose to $225.43 and dropped to $219.51, the range by which the price of stock traded the whole day. The daily chart for FDX points out that the company has recorded -23.17% loss over the past six months. However, it is still -3.42% lower than its most recent low trading price.
If we look at the average trading volume of 2.76M shares, FDX reached to a volume of 4563489 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $345.00 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 1.90. 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.
BofA Securities have made an estimate for FedEx Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 04, 2021. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $346 to $329. The new note on the price target was released on September 22, 2021, representing the official price target for FedEx Corporation stock.
The Average True Range (ATR) for FedEx Corporation is set at 5.39, with the Price to Sales ratio for FDX stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 25.85. Price to Free Cash Flow for FDX in the course of the last twelve months was 21.01 with Quick ratio for the last quarter at 1.50.
Trading performance analysis for FDX stock
FedEx Corporation [FDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.21. With this latest performance, FDX shares dropped by -12.33% in over the last four-week period, additionally sinking by -23.17% over the last 6 months – not to mention a drop of -17.97% 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 34.04, with the RSI for the last a single of trading hit 39.33, and the three-weeks RSI is set at 32.34 for FedEx Corporation [FDX]. The present Moving Average for the last 50 days of trading for this stock 252.87, while it was recorded at 222.25 for the last single week of trading, and 272.79 for the last 200 days.
FedEx Corporation [FDX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and FedEx Corporation [FDX] shares currently have an operating margin of +7.18 and a Gross Margin at +21.23. FedEx Corporation’s Net Margin is presently recorded at +6.23.
Return on Total Capital for FDX is now 10.46, given the latest momentum, and Return on Invested Capital for the company is 9.43. Return on Equity for this stock inclined to 24.59, with Return on Assets sitting at 6.68. When it comes to the capital structure of this company, FedEx Corporation [FDX] has a Total Debt to Total Equity ratio set at 150.87. Additionally, FDX Total Debt to Total Capital is recorded at 60.14, with Total Debt to Total Assets ending up at 44.05. Long-Term Debt to Equity for the company is recorded at 141.13, with the Long-Term Debt to Total Capital now at 56.26.
Reflecting on the efficiency of the workforce at the company, FedEx Corporation [FDX] managed to generate an average of $18,062 per employee. Receivables Turnover for the company is 7.22 with a Total Asset Turnover recorded at a value of 1.07.FedEx Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
FedEx Corporation [FDX]: An earnings per share (EPS) analysis
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 11.79%.
An analysis of insider ownership at FedEx Corporation [FDX]
There are presently around $43,860 million, or 75.50% of FDX stock, in the hands of institutional investors. The top three institutional holders of FDX stocks are: VANGUARD GROUP INC with ownership of 18,300,555, which is approximately 1.052% of the company’s market cap and around 5.60% of the total institutional ownership; BLACKROCK INC., holding 17,681,744 shares of the stock with an approximate value of $3.96 billion in FDX stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $3.09 billion in FDX stock with ownership of nearly -1.023% of the company’s market capitalization.
Positions in FedEx Corporation stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 747 institutional holders increased their position in FedEx Corporation [NYSE:FDX] by around 12,991,599 shares. Additionally, 688 investors decreased positions by around 10,693,318 shares, while 256 investors held positions by with 172,354,553 shares. The mentioned changes placed institutional holdings at 196,039,470 shares, according to the latest SEC report filing. FDX stock had 135 new institutional investments in for a total of 1,266,814 shares, while 113 institutional investors sold positions of 1,039,087 shares during the same period.