Fedex Corp [NYSE: FDX] price surged by 0.74 percent to reach at $2.22.
The one-year FDX stock forecast points to a potential upside of 8.85. The average equity rating for FDX stock is currently 1.83, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Fedex Corp [FDX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FDX shares is $329.54 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 1.83. 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.
TD Cowen have made an estimate for Fedex Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 22, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $296 to $359. The new note on the price target was released on June 26, 2024, representing the official price target for Fedex Corp stock. Previously, the target price had yet another raise from $320 to $335, while TD Cowen kept a Buy rating on FDX stock.
The Average True Range (ATR) for Fedex Corp is set at 6.02, with the Price to Sales ratio for FDX stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 26.54. Price to Free Cash Flow for FDX in the course of the last twelve months was 23.46 with Quick ratio for the last quarter at 1.32.
FDX Stock Performance Analysis:
Fedex Corp [FDX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.03. With this latest performance, FDX shares gained by 4.14% in over the last four-week period, additionally plugging by 15.54% over the last 6 months – not to mention a rise of 20.16% 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 64.97, with the RSI for the last a single of trading hit 72.85, and the three-weeks RSI is set at 60.99 for Fedex Corp [FDX]. The present Moving Average for the last 50 days of trading for this stock 293.34, while it was recorded at 294.98 for the last single week of trading, and 267.52 for the last 200 days.
Insight into Fedex Corp Fundamentals:
Fedex Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.32 and a Current Ratio set at 1.36.
FDX Stock EPS
With the latest financial reports released by the company, Fedex Corp posted 4.55/share EPS, while the average EPS was predicted by analysts to be reported at 3.73/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.82. 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 Corp go to 15.63%.
Fedex Corp [FDX] Institutonal Ownership Details
There are presently around $80.14%, or 87.29%% of FDX stock, in the hands of institutional investors. The top three institutional holders of FDX stocks are: VANGUARD GROUP INC with ownership of 19.85 million shares, which is approximately 8.0383%. BLACKROCK INC., holding 14.86 million shares of the stock with an approximate value of $$4.45 billion in FDX stocks shares; and BLACKROCK INC., currently with $$4.02 billion in FDX stock with ownership which is approximately 5.4229%.
