FedEx Corporation (NYSE: FDX) is 71.93% higher on its value in year-to-date trading and has touched a low of $88.69 and a high of $305.66 in the current 52-week trading range. The FDX stock was last observed hovering at around $261.56 in the last trading session, with the day’s loss setting it -1.58% off its average median price target of $335.50 for the next 12 months. It is also 32.65% off the consensus price target high of $386.00 offered by 29 analysts, but current levels are -3.99% lower than the price target low of $250.00 for the same period.
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Currently trading at $259.98, the stock is -8.43% and -7.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing -0.60% at the moment leaves the stock 32.67% off its SMA200. FDX registered 71.93% gain for a year compared to 6-month gain of 65.95%. The firm has a 50-day simple moving average (SMA 50) of $282.26 and a 200-day simple moving average (SMA200) of $229.28.
The stock witnessed a -9.28% loss in the last 1 month and extending the period to 3 months gives it a 3.36%, and is -4.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.42% over the month.
FedEx Corporation (FDX) has around 183000 employees, a market worth around $69.40B and $74.73B in sales. Current P/E ratio is 28.26 and Fwd P/E is 13.88. Profit margin for the company is 3.30%. Distance from 52-week low is 193.13% and -14.94% from its 52-week high. The company has generated returns on investments over the last 12 months (5.00%).
FedEx Corporation (FDX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FedEx Corporation (FDX) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 4 think it is a “Overweight”. 18 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
FedEx Corporation is expected to release its quarterly report on 03/18/2021 and quarterly earnings per share for the current quarter are estimated at $3.33 with sales reaching $19.86B over the same period.The EPS is expected to grow by 179.90% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 13.60% in year-over-year returns.
FedEx Corporation (FDX) Top Institutional Holders
1,801 institutions hold shares in FedEx Corporation (FDX), with 20.26M shares held by insiders accounting for 7.64% while institutional investors hold 80.91% of the company’s shares. The shares outstanding are 264.00M, and float is at 244.81M with Short Float at 1.22%. Institutions hold 74.73% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 19.65 million shares valued at $4.94 billion. The investor’s holdings represent 7.41% of the FDX Shares outstanding. As of Sep 29, 2020, the second largest holder is Dodge & Cox Inc with 17.56 million shares valued at $4.42 billion to account for 6.63% of the shares outstanding. The other top investors are Blackrock Inc. which holds 16.54 million shares representing 6.24% and valued at over $4.16 billion, while Primecap Management Company holds 5.28% of the shares totaling 13.99 million with a market value of $3.52 billion.
FedEx Corporation (FDX) Insider Activity
The most recent transaction is an insider sale by CARTER ROBERT B, the company’s EVP / Chief Info Officer. SEC filings show that CARTER ROBERT B sold 750 shares of the company’s common stock on Nov 02 at a price of $261.20 per share for a total of $0.2 million. Following the sale, the insider now owns 2327.0 shares.
FedEx Corporation disclosed in a document filed with the SEC on Nov 02 that Ramo Joshua Cooper (Director) sold a total of 13,461 shares of the company’s common stock. The trade occurred on Nov 02 and was made at $262.70 per share for $3.54 million. Following the transaction, the insider now directly holds 4922.0 shares of the FDX stock.
Still, SEC filings show that on Oct 29, Allen Mark R (EVP GENL COUNSEL/SECTY) disposed off 13,065 shares at an average price of $261.04 for $3.41 million. The insider now directly holds 32,829 shares of FedEx Corporation (FDX).
FedEx Corporation (FDX): Who are the competitors?
The company’s main competitors (and peers) include United Parcel Service Inc. (UPS) that is trading 42.00% up over the past 12 months. Expeditors International of Washington Inc. (EXPD) is 21.23% up on the 1-year trading charts. Short interest in the company’s stock has fallen -0.67% from the last report on Nov 12, 2020 to stand at a total of 3.01 million short shares sold with a short interest ratio of 1.18.