In a report released today, Benjamin Hartford from Robert W. Baird maintained a Buy rating on FedEx (FDX), with a price target of $175. The company’s shares closed last Monday at $173.30.
According to TipRanks.com, Hartford is a 4-star analyst with an average return of 9.0% and a 65.5% success rate. Hartford covers the Services sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Heartland Express.
FedEx has an analyst consensus of Moderate Buy, with a price target consensus of $170.12, implying a -1.8% downside from current levels. In a report released today, Raymond James also reiterated a Buy rating on the stock with a $175 price target.
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FedEx’s market cap is currently $45.21B and has a P/E ratio of 92.47. The company has a Price to Book ratio of 2.55.
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.
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.
