Analyst Price Target Update on FedEx Corporation (NYSE:FDX)

FedEx Corporation (NYSE:FDX) shares are expected to touch $176.83 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 16.12. The target price could hit $205 on the higher end and $145 on the lower end.

Many analysts have stated their opinion on the company shares. Stifel Nicolaus maintains their rating on the shares of FedEx Corporation (NYSE:FDX). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $178 per share from $174 per share. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director officer (Chairman/President/CEO) of Fedex Corp, Smith Frederick W sold 200,000 shares at $166.3 on April 21, 2016. The Insider selling transaction had a total value worth of $33,260,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

FedEx Corporation (NYSE:FDX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.44 points or 0.27% at $160.43 with 1,447,558 shares getting traded. Post opening the session at $160.32, the shares hit an intraday low of $160.3 and an intraday high of $161.97 and the price was in this range throughout the day. The company has a market cap of $43,063 million and the number of outstanding shares have been calculated to be 268,423,760 shares. The 52-week high of FedEx Corporation (NYSE:FDX) is $183.5 and the 52-week low is $119.71.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.

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