Fedex Corp (FDX) concluded trading on Thursday at a closing price of $300.39, with 3.78 million shares of worth about $1.14 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.54% during that period and on September 19, 2024 the price saw a gain of about 0.74%. Currently the company’s common shares owned by public are about 244.30M shares, out of which, 224.16M shares are available for trading.
Stock saw a price change of 5.03% in past 5 days and over the past one month there was a price change of 4.14%. Year-to-date (YTD), FDX shares are showing a performance of 18.75% which increased to 20.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $224.69 but also hit the highest price of $313.84 during that period. The average intraday trading volume for Fedex Corp shares is 1.69 million. The stock is currently trading 2.99% above its 20-day simple moving average (SMA20), while that difference is up 2.45% for SMA50 and it goes to 12.36% higher than SMA200.
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Fedex Corp (NYSE: FDX) currently have 244.30M outstanding shares and institutions hold larger chunk of about 79.27% of that.
The stock has a current market capitalization of $73.58B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 17.43, while it has posted earnings per share of $17.24 in the same period. Its PEG reads 1.11 and has Quick Ratio of 1.32 while making debt-to-equity ratio of 1.37. 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 2.30% while standing at 1.79% over the month.
Stock’s fiscal year EPS is expected to rise by 16.53% while it is estimated to increase by 15.09% in next year. EPS is likely to shrink at an annualized rate of 15.63% for next 5-years, compared to annual growth of 53.32% made by the stock over the past 5-years.
Coverage by JP Morgan stated Fedex Corp (FDX) stock as an Overweight in their note to investors on June 26, 2024, suggesting a price target of $359 for the stock. On June 26, 2024, TD Cowen Reiterated their recommendations, while on June 07, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $275. Stock get an Underperform rating from Exane BNP Paribas on March 27, 2024.
