In a report released today, Thomas Wadewitz from UBS maintained a Buy rating on FedEx (FDX – Research Report), with a price target of $323.00. The company’s shares closed yesterday at $264.85.
Wadewitz covers the Industrials sector, focusing on stocks such as Norfolk Southern, United Parcel, and FedEx. According to TipRanks, Wadewitz has an average return of 8.6% and a 55.30% success rate on recommended stocks.
Currently, the analyst consensus on FedEx is a Strong Buy with an average price target of $306.43, implying a 15.70% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $350.00 price target.
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 2.05M.
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.
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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.
