In a report released today, Ken Hoexter from Bank of America Securities maintained a Buy rating on FedEx (FDX – Research Report). The company’s shares closed yesterday at $266.89.
According to TipRanks, Hoexter is a 4-star analyst with an average return of 3.7% and a 50.54% success rate. Hoexter covers the Industrials sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian National Railway, and FedEx.
Currently, the analyst consensus on FedEx is a Moderate Buy with an average price target of $307.12.
FDX market cap is currently $65.68B and has a P/E ratio of 15.38.
Based on the recent corporate insider activity of 46 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, Tracy B Brightman, the EVP – Chief People Officer of FDX sold 2,550.00 shares for a total of $703,009.50.
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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