FedEx stock: buy or sell?
September 20th, 2019
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
Should I buy FedEx stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, FedEx stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is FedEx stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we collected 15 ratings published for FDX stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-18||Robert W. Baird||n/a||Outperform|
|2019-9-18||Morgan Stanley||n/a||Equal Weight|
|2019-9-18||JPMorgan Chase & Co.||n/a||Neutral|
|2019-9-18||Credit Suisse Group||n/a||Outperform|
|2019-9-18||BMO Capital Markets||Outperform||Market Perform|
|2019-7-10||Goldman Sachs Group||n/a||Conviction-Buy|
FedEx stock analysis
The US delivery leader shares eased -2.41% to $148.78 today.
The US delivery leader shares eased -2.41% to $148.78 today. FDX is retaking the upward trend marking a new rising bottom heading to break out over $176.25.
After boosting an astounding 7.02% in a week last week, FedEx closed this week at $148.78 and collapsed a dreadful -14.54%.
This week, the US delivery leader stock crossed down the significant level of the 40-weeks moving average. Stocks below the 200d moving average line are usually not recommended for average traders.
FedEx stock price history
FedEx stock historical price chart
FDX stock reached 52-week highs at $247.31, and all-time highs 2018-01-18 with a price of 268.69.
FedEx stock price target is $163.00Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 11 price forecasts for FDX stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-18||UBS Group||Lowers Target||$136.00||$132.00||-2.9%|
|2019-9-18||Robert W. Baird||Lowers Target||$180.00||$175.00||-2.8%|
|2019-9-18||Raymond James||Lowers Target||$190.00||$175.00||-7.9%|
|2019-9-18||Morgan Stanley||Lowers Target||$131.00||$120.00||-8.4%|
|2019-9-18||JPMorgan Chase & Co.||Lowers Target||$168.00||$146.00||-13.1%|
|2019-9-18||Credit Suisse Group||Reiterates||$175.00||$168.00||-4%|
|2019-9-18||BMO Capital Markets||Downgrades||$190.00||$165.00||-13.2%|
|2019-6-28||Berenberg Bank||Set Price Target||n/a||$175.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, the US delivery leader presented its financial report, in line with analysts' consensus and posted a $3.03 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, FedEx annual revenues rose a very good 8.51% to $65,450.00 M dollars from $60,319.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) raised a 2.02% to 6.99%. To have an updated picture of the financial situation of FedEx, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual FedEx TTM sales up to February 2019 were $69,200.00 and earnings were $3,636.00 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem FedEx business evolution since May 2018: Annual turnover up to February, compared to lastest yearly report, jumped a nice 5.73%. Regarding profit margin, FedEx decreased -1.73% to 6.99%
|2013||$44,290 M||-||$1,560 M3.5%||-|
|2014||$45,570 M||2.89%||$2,090 M4.6%||33.97%|
|2015||$47,453 M||4.13%||$1,050 M2.2%||-49.76%|
|2016||$50,365 M||6.14%||$1,820 M3.6%||73.33%|
|2017||$60,319 M||19.76%||$2,997 M5.0%||64.67%|
|2018||$65,450 M||8.51%||$4,572 M7.0%||52.55%|
|TTM||$69,200 M||5.73%||$3,636 M5.3%||-20.47%|
Quarterly financial resultsFedEx reported $17,010.00 million in revenues for 2019-Q1, a -4.57% decline compared to previous quarter. Reported quarter earnings marked $739.00 million with a profit margin of 4.34%. Profit margin stayed stable a -0.90% compared to previous quarter when profit margin was 5.25%. When comparing sales to same quarter last year, FedEx sales marked a slightly fine growth and inched a 2.93%.
|2017-Q2||$15,730 M||-||$1,020 M6.5%||-|
|2017-Q3||$15,300 M||-2.73%||$595 M3.9%||-41.67%|
|2017-Q4||$16,313 M||6.62%||$775 M4.8%||30.25%|
|2018-Q1||$16,526 M||1.31%||$2,074 M12.5%||167.61%|
|2018-Q2||$17,314 M||4.77%||$1,127 M6.5%||-45.66%|
|2018-Q3||$17,052 M||-1.51%||$835 M4.9%||-25.91%|
|2018-Q4||$17,824 M||4.53%||$935 M5.2%||11.98%|
|2019-Q1||$17,010 M||-4.57%||$739 M4.3%||-20.96%|
FedEx ownershipWhen you are planning to buy a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For FedEx, 5.94% of all outstanding shares are owned by its staff.
In case of FedEx stock, 72.75% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for FDX stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$38.8 B||$42.1 M||$1.3 B||$11.4 B||$12.7 B|
|Total shares||260.9 M||3.0 M||59.4 M||135.4 M||170.7 M|
|Float shares||240.4 M||1.2 M||57.1 M||134.8 M||169.5 M|
|- Institutional holdings (%)||72.8%||29.5%||92.0%||89.3%||98.3%|
|- Insider holdings (%)||5.9%||42.0%||2.6%||0.5%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$148.45 - $153.36|
|Average true range||$5.75|
|50d mov avg||$162.67|
|100d mov avg||$163.75|
|200d mov avg||$171.05|
FedEx performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared FedEx against Air T, Air Transport Services, C.H. Robinson Worldwide, Expeditors International of Washington and United Parcel Service in the following table:
|ATSGAir Transport Ser...||-5.47%||3.69%||-0.50%|
|CHRWC.H. Robinson Wor...||2.39%||1.02%||-11.31%|
|UPSUnited Parcel Ser...||19.11%||14.44%||5.46%|
FedEx competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for FedEx. We chose 5 companies as FedEx competitors as they are in the same industry or have similar market objectives.
- Air T (AIRT)
- Air Transport Services (ATSG)
- C.H. Robinson Worldwide (CHRW)
- Expeditors International of Washington (EXPD)
- United Parcel Service (UPS)
Latest FedEx stock news
- InvestorPlaceWednesday’s Vital Data: AbbVie, FedEx and MicronJune 26, 2019
- InvestorPlaceFedEx Earnings: FDX Stock Higher on Q4 Earnings BeatJune 25, 2019
- Seeking AlphaFedEx Is Delivering Value At Current PricesJune 21, 2019
- Seeking AlphaAmazon: Impact Of Increasing Rivalry With FedExJune 10, 2019
- InvestorPlaceFear of Amazon Creates a Bargain in FedEx StockJune 7, 2019