FedEx stock: buy or sell
Updated on:
Apr 22nd, 2021
2
FedEx stock brief
- Counting on Wednesday, it's been 4 consecutive sessions in red for FedEx. Price closed on Wednesday at $278.26 after barely changing a -0.74%.
- From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, shares marked a 18.82% profit since the beginning of this rally
- KeyCorp posted a neutral rating for FedEx last Monday, targeting $350.00
- FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight.
Should I buy FedEx stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $FDX stock a buy?
In the current situation of FedEx there is not any eligible buy setup. This doesn't mean we expect a selloff for $FDX in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell FedEx stock?
When you own a stock with some profit, it's really difficult to decide the good moment to sell and get your profits. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short $FDX stock
As a rule of thumb, you should not mantain an operation that shows a losses greater than those expected at the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell FedEx stock?
In the current situation of FedEx there is not any eligible sell setup, so FedEx stock holders with operations in profit can keep their positions
FedEx ratings
In the last 30 days, 5 analyst ratings were published for FedEx. General sentiment is bullish, with 4 out of 5 publishing positive outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 25th, 2021 | |
| Raymond James | Buy |
| The Goldman Sachs Group | |
| Mar 26th, 2021 | |
| Vertical Research | |
| Apr 1st, 2021 | |
| Vertical Research | |
| Apr 19th, 2021 | |
| KeyCorp | |
FedEx stock analysis
FedEx stock started an uptrend last January, and grew a gorgeous 18.82%. Rising highs and lows can be seen easily on a chart and how price offered very few buy points on the breakouts. Latest low was last February, when price bounced at $244.74. Like in all uptrends, price needs to take breath and currently price is moving in a range between $294.76 and $244.74
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really helping us to make any decisions.
FedEx stock price history
FedEx started trading on Apr 12th, 1978 priced at $0.83 per share1. Since then, FDX stock has risen by 33,425.30%, with an average of 777.33% per year. If you had invested thousand dollars in FedEx stock on the IPO, it would have a value of $335,253.01 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for FedEx stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. Again, these targets are not direct recommendations for small traders and should not be followed blindly.
There are 5 price predictions issued for FedEx that average $341.00. That is a 22.55% than the current price ($278.26).
| Brokerage firm | Price target |
|---|---|
| Mar 25th, 2021 | |
| Raymond James | $305.00 → $310.00 |
| The Goldman Sachs Group | $356.00 → $365.00 |
| Mar 26th, 2021 | |
| Vertical Research | $340.00 |
| Apr 1st, 2021 | |
| Vertical Research | $340.00 |
| Apr 19th, 2021 | |
| KeyCorp | $350.00 |
Earnings and financials
Investors event was hosted by FedEx ($FDX) in mid-March after releasing the financial report. FedEx surpassed consensus earnings estimates and reported of $3.47, that is a 7.10% improvement compared to the initial forecasts of $3.24. Similarly, reported sales were $21.5 billion compared to estimates of $20.0 billion.
Compared to the same quarter one year ago, EPS was $1.41, so current EPS is a increase of 146.10%. Looking at revenues, figures skyrocketed a 23.01% compared to $174.9B year over year.FedEx ($FDX) releases financial report next June. Analysts expect of $4.76, that is a 37.18% more than Q3.
FedEx performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| FedEx ($FDX) | 2.50% | 9.90% | -1.50% |
Please read:
The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational motives onlyFedEx summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $279.05 |
| Close | $278.26 |
| Day range | $277.09 - $281.07 |
| Previous close | $280.34 |
| Session gain | -0.74% |
| Average true range | $6.43 |
| 50d mov avg | $269.14 |
| 100d mov avg | $266.97 |
| 200d mov avg | $247.71 |
| Earnings date | June 29th, 2021 |