Barclays analyst Brandon Oglenski maintained a Buy rating on FedEx (FDX) on June 11 and set a price target of $185. The company’s shares opened today at $163, close to its 52-week low of $150.68.
According to TipRanks.com, Oglenski is a 5-star analyst with an average return of 7.8% and a 60.0% success rate. Oglenski covers the Services sector, focusing on stocks such as Kansas City Southern, Southwest Airlines, and Union Pacific Corp.
FedEx has an analyst consensus of Moderate Buy, with a price target consensus of $194.47, representing a 19.3% upside. In a report issued on May 30, Credit Suisse also maintained a Buy rating on the stock with a $241 price target.
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FedEx’s market cap is currently $42.05B and has a P/E ratio of 11.90. The company has a Price to Book ratio of 2.11.
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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.
