In a report released yesterday, Scott Schneeberger from Oppenheimer maintained a Hold rating on FedEx (FDX). The company’s shares closed last Tuesday at $117.67.
According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 3.8% and a 53.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and General Finance.
FedEx has an analyst consensus of Moderate Buy, with a price target consensus of $136.27.
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The company has a one-year high of $183.48 and a one-year low of $88.70. Currently, FedEx has an average volume of 3.22M.
Based on the recent corporate insider activity of 33 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.
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. is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other, and Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment focuses on small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight services across all lengths of haul. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions. The Corporate, Other, and Eliminations segment includes corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the company’s core business. The company was founded by Frederick Wallace Smith on June 18, 1971 and is headquartered in Memphis, TN.
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