In yesterday’s Wall Street session, Fedex Corp (NYSE:FDX) shares traded at $284.32, up 7.35% from the previous session.
FDX stock price is now 15.21% away from the 50-day moving average and 12.81% away from the 200-day moving average. The market capitalization of the company currently stands at $69.97B.
With the price target enhanced from $293 to $320, TD Cowen maintained Outperform rating for Fedex Corp (NYSE: FDX). , while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, DIETRICH JOHN W, EVP CHIEF FINANCIAL OFF bought 1,000 shares of the company’s stock on Dec 28 ’23. The stock was bought for $252,020 at an average price of $252.02. Upon completion of the transaction, the EVP CHIEF FINANCIAL OFF now directly owns 4,745 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 26 ’23, Director LANE AMY B bought 200 shares of the business’s stock. A total of $50,643 was incurred on buying the stock at an average price of $253.22. This leaves the insider owning 3,304 shares of the company worth $0.94 million. A total of 8.30% of the company’s stock is owned by insiders.
During the past 12 months, Fedex Corp has had a low of $213.80 and a high of $285.53. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.31, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $101.84B, which is based on a 16.39 price-to-earnings ratio, a 0.92 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for FDX is $247.45 and a two-hundred day moving average price translates $252.36 for the stock.
The latest earnings results from Fedex Corp (NYSE: FDX) was released for Aug, 2021. According to the Integrated Freight & Logistics Company, earnings per share came in at $3.86, beating analysts’ expectations of $3.45 by 0.41. This compares to $3.05 EPS in the same period last year. The net profit margin was 5.02% and return on equity was 17.18% for FDX. The company reported revenue of $21.74 billion for the quarter, compared to $22.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.94 percent. For the current quarter, analysts expect FDX to generate $22.37B in revenue.
