FedEx Corporation (FDX) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 187 from a previous price target of $186 . UBS advised their investors in a research report released on Jun 3, 2016.
Many Wall Street Analysts have commented on FedEx Corporation. Company shares were Reiterated by Stifel on Jun 2, 2016 to “Buy”, Firm has raised the Price Target to $ 178 from a previous price target of $174 .Company shares were Reiterated by Cowen on Mar 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 180 from a previous price target of $175 .Company shares were Reiterated by RBC Capital Mkts on Mar 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 158 from a previous price target of $153 .
On the company’s financial health, FedEx Corporation reported $2.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Mar 16, 2016. Analyst had a consensus of $2.35. The company had revenue of $12654.00 million for the quarter, compared to analysts expectations of $12376.86 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 EPS.
FedEx Corporation closed down -0.27 points or -0.16% at $164.7 with 9,28,923 shares getting traded on Wednesday. Post opening the session at $163.9, the shares hit an intraday low of $162.37 and an intraday high of $164.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 25, 2016, Frederick W Smith (Chairman/President/CEO) sold 200,000 shares at $166.30 per share price. According to the SEC, on Apr 5, 2016, Paul S Walsh (director) sold 3,900 shares at $163.77 per share price. On Mar 21, 2016, Michael L Ducker (President & CEO/FedEx Freight) sold 12,862 shares at $160.57 per share price, according to the Form-4 filing with the securities and exchange commission.
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.