Fedex Corp (NYSE: FDX) is -10.99% lower on its value in year-to-date trading and has touched a low of $242.92 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 $247.74 in the last trading session, with the day’s gains setting it 2.67%.
Currently trading at $250.41, the stock is -3.35% and -6.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 1.08% at the moment leaves the stock -9.41% off its SMA200. FDX registered 1.55% gain for a year compared to 6-month loss of -16.19%.
The stock witnessed a 1.24% gain in the last 1 month and extending the period to 3 months gives it a -17.27%, and is -2.23% 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 2.68% over the week and 2.34% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $60.31B and $87.39B in sales. Current P/E ratio is 15.96 and Fwd P/E is 11.36. Profit margin for the company is 4.44%. Distance from 52-week low is 3.08% and -20.21% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
with sales reaching $21.95B over the same period.The EPS is expected to grow by 6.97% this year, but quarterly earnings will post 0.22% year-over-year. Quarterly sales are estimated to grow 0.98% in year-over-year returns.
The shares outstanding are 240.85M, and float is at 220.37M with Short Float at 1.60%.
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 5.4011 and valued at over $4.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 5.157 of the shares totaling 12.79 million with a market value of $3.83 billion.
Fedex Corp (FDX) Insider Activity
A total of 0 insider transactions have happened at Fedex Corp (FDX) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Fedex Corp (FDX): Who are the competitors?
One of the company’s main competitors (and peers) include United Parcel Service Inc. Cl B (UPS) that is trading -21.98% down over the past 12 months.Deutsche Post AG (DHL) lies in the list of competitors of the Fedex Corp and is -0.77% lower over the same period from FDX
