Evercore ISI analyst Jonathan Chappell maintained a Buy rating on FedEx (FDX – Research Report) yesterday and set a price target of $351.00. The company’s shares closed yesterday at $284.32.
Chappell covers the Industrials sector, focusing on stocks such as CH Robinson, Hub Group, and Knight Transportation. According to TipRanks, Chappell has an average return of 23.9% and a 74.12% success rate on recommended stocks.
In addition to Evercore ISI, FedEx also received a Buy from Deutsche Bank’s Amit Mehrotra in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on FedEx (NYSE: FDX).
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.
