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The price of Fedex Corp (NYSE: FDX) closed at $254.64 in the last session, down -15.23% from day before closing price of $300.39. In other words, the price has decreased by -$15.23 from its previous closing price. On the day, 17.42 million shares were traded. FDX stock price reached its highest trading level at $262.5614 during the session, while it also had its lowest trading level at $253.51.
Ratios:
We take a closer look at FDX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on September 20, 2024, Reiterated its Buy rating but revised its target price to $328 from $334 previously.
On September 20, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $215 to $200.
HSBC Securities Downgraded its Buy to Hold on September 20, 2024, while the target price for the stock was maintained at $300.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 18 ’24 when Carere Brie sold 1,958 shares for $310.43 per share. The transaction valued at 607,822 led to the insider holds 19,937 shares of the business.
Krishnasamy Sriram sold 8,421 shares of FDX for $2,611,718 on Jul 17 ’24. The EVP CDI Off & CTO/CEO FDW now owns 12,246 shares after completing the transaction at $310.14 per share. On Jul 11 ’24, another insider, Ellison Marvin R, who serves as the Director of the company, sold 2,535 shares for $299.34 each. As a result, the insider received 758,831 and left with 6,955 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FDX now has a Market Capitalization of 62214410240. As of this moment, Fedex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.71, and their Forward P/E ratio for the next fiscal year is 11.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 2.98.
Stock Price History:
Over the past 52 weeks, FDX has reached a high of $313.84, while it has fallen to a 52-week low of $224.69. The 50-Day Moving Average of the stock is -13.19%, while the 200-Day Moving Average is calculated to be -4.81%.
Shares Statistics:
According to the various share statistics, FDX traded on average about 1.73M shares per day over the past 3-months and 3027000 shares per day over the past 10 days. A total of 244.30M shares are outstanding, with a floating share count of 223.58M. Insiders hold about 8.49% of the company’s shares, while institutions hold 79.49% stake in the company. Shares short for FDX as of 1724976000 were 3049266 with a Short Ratio of 1.77, compared to 1722384000 on 2738946. Therefore, it implies a Short% of Shares Outstanding of 3049266 and a Short% of Float of 1.3599999999999999.
Dividends & Splits
The forward annual dividend rate for FDX is 5.28, which was 5.28 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.017577149The stock’s 5-year Average Dividend Yield is 1.61.
