In a report released today, Thomas Wadewitz from UBS maintained a Buy rating on FedEx (FDX – Research Report), with a price target of $215.00. The company’s shares opened today at $155.24.
Wadewitz covers the Industrial Goods sector, focusing on stocks such as FedEx, CSX, and Norfolk Southern. According to TipRanks, Wadewitz has an average return of 5.4% and a 51.82% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $209.05 average price target, a 34.66% upside from current levels. In a report released on September 23, Credit Suisse also maintained a Buy rating on the stock with a $236.00 price target.
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The company has a one-year high of $263.10 and a one-year low of $141.92. Currently, FedEx has an average volume of 2.99M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDX in relation to earlier this year. Last month, Subramaniam Rajesh, the President & CEO of FDX bought 1,373.00 shares for a total of $147,570.04.
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.
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