In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Hold rating on FedEx (FDX), with a price target of $146. The company’s shares closed last Monday at $173.30.
Ossenbeck has an average return of 7.3% when recommending FedEx.
According to TipRanks.com, Ossenbeck is ranked #292 out of 5554 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $170.12 average price target, which is a -1.8% downside from current levels. In a report released yesterday, Deutsche Bank also downgraded the stock to Hold with a $142 price target.
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The company has a one-year high of $250.95 and a one-year low of $147.82. Currently, FedEx has an average volume of 2.14M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDX in relation to earlier this year. Most recently, in July 2019, Robert B. Carter, the EVP of FDX sold 23,100 shares for a total of $4,060,421.
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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.
