Deutsche Bank analyst Amit Mehrotra maintained a Buy rating on FedEx (FDX – Research Report) today and set a price target of $320.00. The company’s shares closed last Wednesday at $233.81.
According to TipRanks.com, Mehrotra is a 4-star analyst with an average return of 5.0% and a 49.5% success rate. Mehrotra covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Old Dominion Freight.
FedEx has an analyst consensus of Strong Buy, with a price target consensus of $297.33, which is a 23.4% upside from current levels. In a report issued on June 21, Evercore ISI also maintained a Buy rating on the stock with a $291.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $302.66 and a one-year low of $192.82. Currently, FedEx has an average volume of 2.53M.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FDX in relation to earlier this year. Last month, Frederick W. Smith, the Chairman of FDX bought 198,675 shares for a total of $16,937,044.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1971, FedEx Corp. is a multinational delivery services company based in Tennessee. It provides transportation, e-commerce, and business services worldwide. The company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the FedEx brand.
Read More on FDX:
- Goldman Sachs Sticks to Its Buy Rating for PUMA SE NPV (PMMAF)
- Stock Market Today – Thursday, June 30: What You Need to Know
- Wall Street Analysts Are Bullish on Top Technology Picks
- Analysts Offer Insights on Healthcare Companies: Aethlon Medical (AEMD) and Siemens Healthineers AG (OtherSEMHF)
- Website Traffic Reveals Rising Trends for These 2 Airline Stocks
