Fedex Corp (NYSE: FDX) is -1.41% lower on its value in year-to-date trading and has touched a low of $234.45 and a high of $313.84 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 $276.59 in the last trading session, with the day’s gains setting it 0.78%.
Currently trading at $277.37, the stock is 0.62% and -2.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 0.28% at the moment leaves the stock 0.13% off its SMA200. FDX registered 13.19% gain for a year compared to 6-month loss of -10.65%. The firm has a 50-day simple moving average (SMA 50) of $283.2902 and a 200-day simple moving average (SMA200) of $277.00784.
The stock witnessed a -2.13% gain in the last 1 month and extending the period to 3 months gives it a 4.31%, and is 0.90% up 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 1.75% over the week and 2.45% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $66.80B and $87.39B in sales. Current P/E ratio is 17.68 and Fwd P/E is 12.24. Profit margin for the company is 4.44%. Distance from 52-week low is 18.31% and -11.62% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
with sales reaching $21.94B over the same period.The EPS is expected to grow by 8.52% this year, but quarterly earnings will post 0.12% year-over-year. Quarterly sales are estimated to grow 0.91% in year-over-year returns.
2177.0 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 86.03% of the company’s shares. The shares outstanding are 240.85M, and float is at 220.32M with Short Float at 1.61%. Institutions hold 78.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.85 million shares valued at $5.95 billion. The investor’s holdings represent 8.0383 of the FDX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.86 million shares valued at $4.45 billion to account for 6.0147 of the shares outstanding. The other top investors are DODGE & COX which holds 13.39 million shares representing 5.4229 and valued at over $4.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 5.1779 of the shares totaling 12.79 million with a market value of $3.83 billion.
Fedex Corp (FDX) Insider Activity
The most recent transaction is an insider sale by SCHWAB SUSAN C, the company’s Director. SEC filings show that SCHWAB SUSAN C sold 3,980 shares of the company’s common stock on Jan 14 ’25 at a price of $276.45 per share for a total of $1.1 million. Following the sale, the insider now owns 8904.0 shares.
Still, SEC filings show that on Jan 07 ’25, Smith Richard W (COO INTL – CEO Airline FEC) disposed off 2,576 shares at an average price of $276.93 for $0.71 million. The insider now directly holds 111,886 shares of Fedex Corp (FDX).
