FedEx stock: buy or sell
Updated on:
Jan 16th, 2021
1
FedEx stock brief
- FedEx closed on Friday at $252.56 after inching down a -1.45% and broke a streak of 4 sessions in green.
- 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?
Currently, FedEx stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $FDX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell FedEx stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our personal sentiments or the noise that surrounds the market. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling shares in your porfolio, not for shorting $FDX stock
A guiding principle is that you should not mantain an open trade that generates losses greater than those expected upon the buy. The timing to sell shares must 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, 11 analyst ratings were published for FedEx. General sentiment is bullish, with 6 out of 11 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Dec 18th, 2020 | |
| Credit Suisse Group | |
| DZ Bank | |
| JPMorgan Chase & Co. | |
| Oppenheimer | Neutral |
| Raymond James | Buy |
| The Goldman Sachs Group | |
| Dec 24th, 2020 | |
| Berenberg Bank | |
| DZ Bank | |
| Dec 30th, 2020 | |
| Argus | |
| DZ Bank | |
| Jan 7th, 2021 | |
| Wolfe Research | |
FedEx stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on January 4, the price bounced by 0.66%
Relative strength index
The RSI broke out the oversold line of 30 last Tuesday after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value on Friday was 37.91
FedEx stock price history
FedEx went public on Apr 12th, 1978 at $0.84 per share1. Since then, FDX stock surged by 29,966.67%, with an average of 713.49% per year. An investment of $1,000USD on Apr 1978 would worth $300,666.67 nowadays.
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 forecasting how a particular stock will performance in the future.
The following table shows the price target posted by financial institutions over the last 30 days. If you are a small trader you shouldn't invest based on these forecasts.
The average price target for FedEx stock calculated from the table below is $334.83. FedEx closed at $252.56 on Friday, so the target price is forecasting an increase by 32.57%.
| Brokerage firm | Price target |
|---|---|
| Dec 18th, 2020 | |
| Credit Suisse Group | $368.00 |
| DZ Bank | Not available |
| JPMorgan Chase & Co. | $350.00 |
| Oppenheimer | Not available |
| Raymond James | $280.00 → $305.00 |
| The Goldman Sachs Group | $356.00 |
| Dec 24th, 2020 | |
| Berenberg Bank | $325.00 |
| DZ Bank | Not available |
| Dec 30th, 2020 | |
| Argus | $270.00 → $305.00 |
| DZ Bank | Not available |
| Jan 7th, 2021 | |
| Wolfe Research | Not available |
Earnings and financials
In mid-December, FedEx Corporation ($FDX) posted EPS for that strongly improved Market expectations. Quarterly EPS was $4.83 per share compared to the forecasted $4.01. This Q2 report means an earnings surprise of 20.45%. Revenue was $20.6 billion compared to $19.5 billion forecasted by market consensus.
In comparing, the EPS for the same quarter last year was $2.51, so reported EPS means a improvement of 92.43%. Looking at revenues, figures exploded a 18.70% compared to $173.2B same quarter last year.FedEx ($FDX) presents earnings report next March. Wall Street forecasts of $3.33, compared to previous quarter that made $4.83.
FedEx performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| FedEx ($FDX) | -12.10% | -10.90% | 54.00% |
Disclaimer:
The comments written in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific situations of the reader, his or her finances 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 Viewpoints are published for general educational reasons onlyFedEx summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $255.76 |
| Close | $252.56 |
| Day range | $250.98 - $255.76 |
| Previous close | $256.27 |
| Session gain | -1.45% |
| Average true range | $8.04 |
| 50d mov avg | $274.40 |
| 100d mov avg | $262.76 |
| 200d mov avg | $203.19 |
| Earnings date | March 16th, 2021 |