Fedex Corp (FDX) concluded trading on Thursday at a closing price of $264.85, with 4.66 million shares of worth about $1.23 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.72% during that period and on March 21, 2024 the price saw a gain of about 1.87%. Currently the company’s common shares owned by public are about 251.19M shares, out of which, 229.16M shares are available for trading.
Stock saw a price change of 3.65% in past 5 days and over the past one month there was a price change of 9.71%. Year-to-date (YTD), FDX shares are showing a performance of 4.70% which increased to 20.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $213.80 but also hit the highest price of $285.53 during that period. The average intraday trading volume for Fedex Corp shares is 2.12 million. The stock is currently trading 6.10% above its 20-day simple moving average (SMA20), while that difference is up 7.48% for SMA50 and it goes to 5.18% higher than SMA200.
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Fedex Corp (NYSE: FDX) currently have 251.19M outstanding shares and institutions hold larger chunk of about 77.30% of that.
The stock has a current market capitalization of $66.18B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 15.69, while it has posted earnings per share of $16.88 in the same period. Its PEG reads 3.49 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 1.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FDX, volatility over the week remained 1.78% while standing at 1.51% over the month.
Analysts are in expectations that Fedex Corp (FDX) stock would likely to be making an EPS of $3.45 in the current quarter, while forecast for next quarter EPS is $5.45 and it is $21.4 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.13 which is $4.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.96% while it is estimated to increase by 23.07% in next year. EPS is likely to grow at an annualized rate of 4.50% for next 5-years, compared to annual growth of -1.59% made by the stock over the past 5-years.
Coverage by TD Cowen stated Fedex Corp (FDX) stock as an Outperform in their note to investors on December 12, 2023, suggesting a price target of $293 for the stock. On October 02, 2023, Susquehanna Upgrade their recommendations, while on September 29, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $330. Stock get an Outperform rating from Evercore ISI on September 18, 2023.
