Robert W. Baird analyst Benjamin Hartford maintained a Buy rating on FedEx (NYSE: FDX) today and set a price target of $270. The company’s shares closed yesterday at $255.73.
According to TipRanks.com, Hartford is a 4-star analyst with an average return of 12.1% and a 69.7% success rate. Hartford covers the Services sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.
FedEx has an analyst consensus of Strong Buy, with a price target consensus of $288.25, a 12.7% upside from current levels. In a report issued on September 13, Cowen & Co. also reiterated a Buy rating on the stock with a $280 price target.
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FedEx’s market cap is currently $68B and has a P/E ratio of 15.24. The company has a Price to Book ratio of 3.50.
Based on the recent corporate insider activity of 37 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 July 2018, Marvin Ellison, a Director at FDX bought 223 shares for a total of $30,685.
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.
