Berenberg Bank analyst Joel Spungin maintained a Buy rating on FedEx (FDX) today and set a price target of $245. The company’s shares closed yesterday at $181.41.
According to TipRanks.com, Spungin is ranked #3849 out of 5249 analysts.
FedEx has an analyst consensus of Strong Buy, with a price target consensus of $209.56, implying a 15.5% upside from current levels. In a report issued on March 7, Citigroup also maintained a Buy rating on the stock with a $210 price target.
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The company has a one-year high of $266.67 and a one-year low of $150.94. Currently, FedEx has an average volume of 2.24M.
Based on the recent corporate insider activity of 25 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. Last month, John Merino, the CVP PRIN ACCT OFFICER of FDX sold 2,300 shares for a total of $419,152.
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 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.
