FedEx Corporation (NYSE:FDX) : 16 analysts are covering FedEx Corporation (NYSE:FDX) and their average rating on the stock is 1.75, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
FedEx Corporation (NYSE:FDX) : The consensus price target for FedEx Corporation (NYSE:FDX) is $181.08 for the short term with a standard deviation of $14.72. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $205, however, the pessimist price target for the company is $145.
For the current week, the company shares have a recommendation consensus of Buy. Also, Stifel Nicolaus maintains its view on FedEx Corporation (NYSE:FDX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus raises the price target from $174 per share to $178 per share on FedEx Corporation. The rating by the firm was issued on June 2, 2016.
FedEx Corporation (NYSE:FDX): stock turned positive on Tuesday. Though the stock opened at $148.52, the bulls momentum made the stock top out at $149.24 level for the day. The stock recorded a low of $146.19 and closed the trading day at $148.1, in the green by 1.35%. The total traded volume for the day was 1,936,753. The stock had closed at $146.13 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Smith Frederick W, director officer (Chairman/President/CEO) of Fedex Corp, had unloaded 200,000 shares at an average price of $166.3 in a transaction dated on April 21, 2016. The total value of the transaction was worth $33,260,000.
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.