J.P. Morgan analyst Brian Ossenbeck maintained a Hold rating on FedEx (FDX – Research Report) on March 15 and set a price target of $301.00. The company’s shares closed yesterday at $253.18.
According to TipRanks, Ossenbeck is a 5-star analyst with an average return of 10.1% and a 53.53% success rate. Ossenbeck covers the Industrials sector, focusing on stocks such as Expeditors International, XPO, and FedEx.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $294.58 average price target, a 16.35% upside from current levels. In a report released on March 4, Morgan Stanley also maintained a Hold rating on the stock with a $195.00 price target.
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The company has a one-year high of $284.09 and a one-year low of $209.51. Currently, FedEx has an average volume of 2.41M.
Based on the recent corporate insider activity of 47 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. Most recently, in January 2024, Richard W Smith, the Pres&CEO, Air&Intl FXE of FDX bought 2,000.00 shares for a total of $287,080.00.
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.
FedEx (FDX) Company Description:
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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