FedEx Corporation (FDX) : Zacks Investment Research ranks FedEx Corporation (FDX) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 1.57, which indicates as a Buy.
FedEx Corporation (FDX) stock is expected to deviate a maximum of $14.92 from the average target price of $180.75 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $205 and the most muted being $145.
For the current week, the company shares have a recommendation consensus of Buy. FedEx Corporation (NYSE:FDX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $164.94 and $164.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $166.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $165.79, notching a gain of 0.69% for the day. The total traded volume was 1,046,062 . The stock had closed at $164.65 on the previous day.
In a related news,The officer (EVP CHIEF FINANCIAL OFF) of Fedex Corp, Graf Alan B Jr sold 7,400 shares at $159.43 on August 2, 2016. The Insider selling transaction had a total value worth of $1,179,782. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.