There is no doubt that FedEx Corporation (FDX) ticks all the boxes.

FedEx Corporation (NYSE: FDX) stock jumped 1.25% on Friday to $236.10 against a previous-day closing price of $233.19. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.43 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $236.31 whereas the lowest price it dropped to was $233.35. The 52-week range on FDX shows that it touched its highest point at $282.88 and its lowest point at $192.82 during that stretch. It currently has a 1-year price target of $291.22. With its current market cap of 59.91 billion, FDX has annualized dividend of $4.60 while the current yield stands at 1.95%. Beta for the stock currently stands at 1.21.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FDX was up-trending over the past week, with a rise of 2.74%, but this was up by 3.68% over a month. Three-month performance surged to 12.70% while six-month performance fell -6.24%. The stock lost -14.18% in the past year, while it has lost -8.71% so far this year. A look at the trailing 12-month EPS for FDX yields 14.44 with Next year EPS estimates of 24.92. For the next quarter, that number is 5.24. This implies an EPS growth rate of -22.10% for this year and 10.87% for next year. EPS is expected to grow by 11.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.30%.

Float and Shares Shorts:

At present, 260.00 million FDX shares are outstanding with a float of 239.79 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.76 million, which was 1.45% higher than short shares on Jun 14, 2022. In addition to Mr. Frederick W. Smith as the firm’s Founder & Exec. Chairman, Mr. Rajesh Subramaniam serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 73.62% of FDX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.06% of FDX, in contrast to 38.31% held by mutual funds. Shares owned by individuals account for 34.73%. As the largest shareholder in FDX with 6.87% of the stake, The Vanguard Group, Inc. holds 17,791,629 shares worth 17,791,629. A second-largest stockholder of FDX, Dodge & Cox, holds 17,328,625 shares, controlling over 6.69% of the firm’s shares. PRIMECAP Management Co. is the third largest shareholder in FDX, holding 13,237,477 shares or 5.11% stake. With a 4.17% stake in FDX, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 10,811,977 shares are owned by the mutual fund manager. The Vanguard PRIMECAP Fund, which owns about 3.34% of FDX stock, is the second-largest Mutual Fund holder. It holds 8,660,358 shares valued at 1.96 billion. Vanguard Total Stock Market Index holds 2.65% of the stake in FDX, owning 6,878,822 shares worth 1.56 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on May 30, 2022, FDX reported revenue of $24.39B and operating income of $1.98B. Over the past year, revenue came in at $93.51B while operating income stood at $6.25B. It generated $558.00M net income for the quarter, which came to $3.83B over the last twelve months. The EBITDA in the recently reported quarter was $2.12B and diluted EPS was $2.13. EBITDA for the full year was $9.83B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FDX since 31 analysts follow the stock currently. There are 19 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FDX analysts setting a high price target of $342.00 and a low target of $245.00, the average target price over the next 12 months is $292.28. Based on these targets, FDX could surge 44.85% to reach the target high and rise by 3.77% to reach the target low. Reaching the average price target will result in a growth of 23.8% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FDX will report FY 2023 earnings on 06/20/2023. Analysts have provided yearly estimates in a range of $24.00 being high and $18.47 being low. For FDX, this leads to a yearly average estimate of $22.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. FedEx Corporation surprised analysts by $0.00 when it reported $6.87 EPS against a consensus estimate of $6.87. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is $5.93 and the low estimate is $4.42. The average estimate for the next quarter is thus $5.25.

Summary of Insider Activity:

Insiders traded FDX stock several times over the past three months with 18 Buys and 2 Sells. In these transactions, 63,126 shares were bought while 18,346 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 70,529 while 22,924 shares were sold.

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