Many FedEx Corporation(FDX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. FedEx Corporation was Upgraded by Raymond James to Outperform on Feb 6, 2017. Company shares were Reiterated by Cowen on Dec 16, 2016 to Outperform, Raises Price Target to $ 240 from a previous price target of $180 .FedEx Corporation was Initiated by JP Morgan on Dec 13, 2016 to Overweight, Price Target of the shares are set at $233.
Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Robert B Carter (EVP Chief Info Officer) sold 34,580 shares at 191.22 per share price.On Dec 23, 2016, David J Bronczek (President/CEO/FedEx Express) sold 36,529 shares at 192.04 per share price.On Nov 9, 2016, John L Merino (CVP PRIN ACCT OFFICER) sold 10,280 shares at 181.72 per share price.
FedEx Corporation Last issued its quarterly earnings results on Dec 20, 2016. The company reported $2.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $2.91. The company had revenue of $14900.00 million for the quarter, compared to analysts expectations of $14914.26 million. The companys revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS.
FedEx Corporation (NYSE:FDX) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.69 by 16 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
FedEx Corporation (NYSE:FDX): According to 14 Analysts, The short term target price has been estimated at $ 199.64.The target price could deviate by a maximum of $25.94 from the forecast price. In the near term, the target price could hit a high of $240 and a low of $ 135.
FedEx Corporation (NYSE:FDX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.06% or 0.11 points. After the session commenced at $192.09, the stock reached the higher end at $193.07 while it hit a low of $191.33. With the volume soaring to 945,344 shares, the last trade was called at $192.46. The company has a 52-week high of $201.57. The company has a market cap of $51,292 million and there are 266,509,289 shares in outstanding. The 52-week low of the share price is $128.07.
FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.