Today, a Director at FedEx (FDX), David Steiner, bought shares of FDX for $1.14M.
This recent transaction increases David Steiner’s holding in the company by 36.85% to a total of $4.09 million. In addition to David Steiner, one other FDX executive reported Buy trades in the last month.
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Based on FedEx’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $17.82 billion and quarterly net profit of $933 million. In comparison, last year the company earned revenue of $16.31 billion and had a net profit of $774 million. FDX’s market cap is $41.03B and the company has a P/E ratio of 8.57. Currently, FedEx has an average volume of 2.92M.
Based on 18 analyst ratings, the analyst consensus is Strong Buy with an average price target of $215.81, reflecting a 31.2% upside. 15 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy FDX with a $280 price target.
The insider sentiment on FedEx has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.
