Oppenheimer Maintains FedEx Corporation to Outperform with Price Target $184.00

Brokerage firm Oppenheimer Maintains its rating on FedEx Corporation(NYSE:FDX). In a research note issued to the investors, the brokerage major Raises the price-target to $184.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Sep 21, 2016.

FedEx Corporation (FDX) made into the market gainers list on Tuesdays trading session with the shares advancing 0.86% or 1.39 points. Due to strong positive momentum, the stock ended at $162.65, which is also near the day’s high of $164.13. The stock began the session at $161.75 and the volume stood at 26,89,163 shares. The 52-week high of the shares is $169.57 and the 52 week low is $119.71. The company has a current market capitalization of $43,188 M and it has 26,55,24,320 shares in outstanding.

FedEx Corporation(FDX) last announced its earnings results on Jun 21, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $12.98B. Analysts had an estimated revenue of $12.77B. Earnings per share were $3.30. Analysts had estimated an EPS of $3.29.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Robert B Carter (EVP Chief Info Officer) sold 5,000 shares at $164.51 per share price.Also, On Aug 9, 2016, John A Edwardson (director) sold 2,882 shares at $162.63 per share price.On Aug 4, 2016, Alan B Jr Graf (EVP CHIEF FINANCIAL OFF) sold 7,400 shares at $159.43 per share price, according to the Form-4 filing with the securities and exchange commission.

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 FedEx’s other companies with sales marketing information technology communications customer service and certain other back-office support. The Company’s 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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