Last Updated: 18 Sep 2024
Executive Summary
FedEx Corporation (FDX) is a global leader in the delivery services industry, with a market capitalization of $72.8 billion. The company has a strong financial position, with an EBITDA of $11.25 billion and a net income of $5.16 billion in the latest quarter. FedEx's stock is currently trading at $297.34, below its 52-week high of $312.31 but above its 52-week low of $220.22.
Company Overview
FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee. The company provides a wide range of delivery services, including overnight shipping, ground shipping, and international shipping. FedEx has a global network of over 5,000 facilities and employs over 450,000 people.
Fundamental Analysis
FedEx's financial performance has been strong in recent years. The company's revenue has grown from $60.3 billion in 2017 to $87.7 billion in 2023. Net income has also grown, from $4.5 billion in 2017 to $5.1 billion in 2023. FedEx's profit margin is 4.94%, and its return on equity is 16.1%.
FedEx's financial strength is reflected in its stock price. The company's stock has outperformed the S&P 500 index over the past five years. FedEx's stock is currently trading at a trailing PE ratio of 17.27 and a forward PE ratio of 14.1.
Technical Analysis
FedEx's stock price has been in a downtrend since early 2023. The stock price broke below its 200-day moving average in May 2023 and has been trading below that level since then. The stock price is currently testing its 50-day moving average.
The technical indicators are mixed for FedEx. The relative strength index (RSI) is below 50, which indicates that the stock is oversold. However, the moving average convergence divergence (MACD) is below its signal line, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for FedEx is mixed. The stock price is oversold, which could lead to a short-term rally. However, the stock price is still in a downtrend, and it could continue to decline in the near term.
Long Term Outlook
The long-term outlook for FedEx is positive. The company has a strong financial position and a global network of delivery services. FedEx is well-positioned to benefit from the growth of e-commerce.
Analyst Recommendations
The majority of analysts have a buy rating on FedEx. The average analyst target price is $322.36, which represents a potential upside of 8.4% from the current stock price.
