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A peek at FedEx Corporation (FDX): Who has invested in It?

FedEx Corporation (NYSE: FDX) is -40.25% lower on its value in year-to-date trading and has touched a low of $153.25 and a high of $266.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FDX stock was last observed hovering at around $153.25 in the last trading session, with the day’s gains setting it 1.29% off its average median price target of $232.00 for the next 12 months. It is also 51.71% off the consensus price target high of $320.00 offered by 32 analysts, but current levels are 6.34% higher than the price target low of $165.00 for the same period.

Currently trading at $154.54, the stock is -23.02% and -28.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.22 million and changing 0.84% at the moment leaves the stock -31.30% off its SMA200. FDX registered -32.54% loss for a year compared to 6-month gain of -30.22%.

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The stock witnessed a -31.39% loss in the last 1 month and extending the period to 3 months gives it a -32.26%, and is -24.57% 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 4.28% over the week and 3.00% over the month.

FedEx Corporation (FDX) has around 191000 employees, a market worth around $51.10B and $93.51B in sales. Current P/E ratio is 10.71 and Fwd P/E is 7.25. Profit margin for the company is 4.10%. Distance from 52-week low is 0.84% and -42.08% from its 52-week high. The company has generated returns on investments over the last 12 months (11.40%).

FedEx Corporation (FDX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for FedEx Corporation (FDX) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.00, where 16 rate it as a Hold and 4 think it is a “Overweight”. 12 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 12/20/2022.The EPS is expected to shrink by -22.10% this year

FedEx Corporation (FDX) Top Institutional Holders

The shares outstanding are 260.00M, and float is at 240.00M with Short Float at 1.37%.

FedEx Corporation (FDX) Insider Activity

A total of 34 insider transactions have happened at FedEx Corporation (FDX) in the last six months, with sales accounting for 8 and purchases happening 26 times. The most recent transaction is an insider sale by Carere Brie, the company’s EVP/Chief Customer Officer. SEC filings show that Carere Brie sold 11,235 shares of the company’s common stock on Aug 12 at a price of $228.85 per share for a total of $2.57 million. Following the sale, the insider now owns 16366.0 shares.

FedEx Corporation disclosed in a document filed with the SEC on Aug 05 that Brannon Jill (EVP – Chief Sales Officer) sold a total of 1,406 shares of the company’s common stock. The trade occurred on Aug 05 and was made at $237.77 per share for $0.33 million. Following the transaction, the insider now directly holds 7785.0 shares of the FDX stock.

Still, SEC filings show that on Aug 05, Brannon Jill (EVP – Chief Sales Officer) disposed off 5,620 shares at an average price of $237.00 for $1.33 million. The insider now directly holds 8,113 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 -9.41% down over the past 12 months.

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