FedEx Corporation (NYSE:FDX) : The most positive equity analysts on FedEx Corporation (NYSE:FDX) expects the shares to touch $205, whereas, the least positive believes that the stock will trade at $145 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $177.83 with an expected fluctuation of $16.03 from the mean.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Stifel Nicolaus maintains its ratings on FedEx Corporation (NYSE:FDX). In the latest research report, Stifel Nicolaus raises the target price from $174 per share to $178 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 2, 2016.
FedEx Corporation (NYSE:FDX): stock turned positive on Thursday. Though the stock opened at $157.5, the bulls momentum made the stock top out at $158.66 level for the day. The stock recorded a low of $156.75 and closed the trading day at $157.89, in the green by 0.88%. The total traded volume for the day was 2,269,734. The stock had closed at $156.51 in the previous days trading.
The company shares have dropped -9.43% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $174.11 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $162.05 and the 200 Day Moving Average price is recorded at $150.55. On the companys insider trading activities, The director officer (Chairman/President/CEO), of Fedex Corp, Smith Frederick W had unloaded 200,000 shares at $166.3 per share in a transaction on April 21, 2016. The total value of transaction was $33,260,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.