Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate FedEx Corp before investing.

In this article, we go over a few key elements for understanding FedEx Corp’s stock price such as:

• FedEx Corp’s current stock price and volume
• Why FedEx Corp’s stock price changed recently
• Upgrades and downgrades for FDX from analysts
• FDX’s stock price momentum as measured by its relative strength

About FedEx Corp (FDX)

Before we jump into FedEx Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

FedEx Corporation provides customers and businesses with a portfolio of transportation, e-commerce, and business services. The Company offers integrated business solutions utilizing its flexible and efficient global network. Its segments include FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Express segment includes express transportation, small-package ground delivery, and freight transportation. FedEx Ground segment is a provider of small-package ground delivery services. It provides dependable business-to-business delivery, and convenient residential service through FedEx Home Delivery and FedEx Ground Economy. FedEx Freight segment provides less-than-truckload freight services with coverage throughout the United Services, Canada, Mexico, Puerto Rico, and to the United States Virgin Islands. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, and billing and collection services.

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FedEx Corp’s Stock Price as of Market Close

As of September 20, 2024, 4:00 PM, CST, FedEx Corp’s stock price was $254.64.

FedEx Corp is down 15.23% from its previous closing price of $300.39.

During the last market session, FedEx Corp’s stock traded between $297.87 and $308.00. Currently, there are 245.00 million shares of FedEx Corp stock available for purchase.

FedEx Corp’s price-earnings (P/E) ratio is currently at 17.4, which is low compared to the Freight & Logistics - Courier, Postal, Air Freight & Land industry median of 21.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

FedEx Corp Stock Price History

FedEx Corp’s (FDX) price is currently down 14.77% so far this month.

During the month of September, FedEx Corp’s stock price has reached a high of $308.00 and a low of $253.50.

Over the last year, FedEx Corp has hit prices as high as $313.84 and as low as $224.69. Year to date, FedEx Corp’s stock is up 47.02%.

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What Caused FedEx Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 19, 2024, there were 10 analysts who downgraded FedEx Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate FedEx Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on FedEx Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

FedEx Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about FedEx Corp (FDX) by visiting AAII Stock Evaluator.

Relative Price Strength of FedEx Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 19, 2024, FedEx Corp has a weighted four-quarter relative price strength of 1.43%, which translates to a Momentum Score of 67 and is considered to be Strong.

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FedEx Corp Stock Price: Bottom Line

As of September 20, 2024, FedEx Corp’s stock price is $254.64, which is down 15.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like FedEx Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.