FedEx Corporation (FDX) : Analyst Rating Update

FedEx Corporation (FDX) : 10 brokerage houses believe that FedEx Corporation (FDX) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FedEx Corporation (FDX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.

FedEx Corporation (FDX) : The most positive equity analysts on FedEx Corporation (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 $181.08 with an expected fluctuation of $14.72 from the mean.

FedEx Corporation (NYSE:FDX): The stock opened at $151.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $152.10 for the day. The stock traded down to $150.00 during the day, due to lack of any buying support eventually closed down at $151.45 with a loss of -0.47% for the day. The stock had closed at $152.17 on the previous day. The total traded volume was 1,876,458 shares.

Also, Equity Analysts at the Stifel Nicolaus maintains the rating on FedEx Corporation (NYSE:FDX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $174 per share to $178 per share. The rating by the firm was issued on June 2, 2016. The company shares have dropped -8.87% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $185.19 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $159.80 and the 200 Day Moving Average price is recorded at $150.81.

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.

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