Fedex Corp (FDX) concluded trading on Thursday at a closing price of $275.88, with 4.0 million shares of worth about $1.1 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.76% during that period and on December 19, 2024 the price saw a gain of about 1.00%. Currently the company’s common shares owned by public are about 318.00M shares, out of which, 223.59M shares are available for trading.
Stock saw a price change of -2.75% in past 5 days and over the past one month there was a price change of -5.86%. Year-to-date (YTD), FDX shares are showing a performance of 9.06% which decreased to -1.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $234.45 but also hit the highest price of $313.84 during that period. The average intraday trading volume for Fedex Corp shares is 1.86 million. The stock is currently trading -4.03% below its 20-day simple moving average (SMA20), while that difference is down -2.06% for SMA50 and it goes to -0.10% lower than SMA200.
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Fedex Corp (NYSE: FDX) currently have 318.00M outstanding shares and institutions hold larger chunk of about 78.03% of that.
The stock has a current market capitalization of $67.40B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 17.02, while it has posted earnings per share of $16.21 in the same period. Its PEG reads 1.25 and has Quick Ratio of 1.24 while making debt-to-equity ratio of 1.39. 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 1.98% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to rise by 9.20% while it is estimated to increase by 17.26% in next year. EPS is likely to shrink at an annualized rate of 13.66% for next 5-years, compared to annual growth of 53.32% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Bernstein on December 03, 2024 offering a Mkt perform rating for the stock and assigned a target price range of between $337 and $316 to it. Coverage by Citigroup stated Fedex Corp (FDX) stock as a Buy in their note to investors on October 09, 2024, suggesting a price target of $301 for the stock. On September 20, 2024, TD Cowen Reiterated their recommendations, while on September 20, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $200. Stock get a Hold rating from HSBC Securities on September 20, 2024.
