FedEx Corporation (FDX) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 186 from a previous price target of $179 . Stifel advised their investors in a research report released on Sep 21, 2016.
On the company’s financial health, FedEx Corporation reported $2.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Sep 20, 2016. Analyst had a consensus of $2.78. The company had revenue of $14700.00 million for the quarter, compared to analysts expectations of $14440.89 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 EPS.
FedEx Corporation opened for trading at $161.75 and hit $164.13 on the upside on Tuesday, eventually ending the session at $162.65, with a gain of 0.86% or 1.39 points. The heightened volatility saw the trading volume jump to 26,89,163 shares. Company has a market cap of $43,188 M.
In a different news, on Aug 11, 2016, Robert B Carter (EVP Chief Info Officer) sold 5,000 shares at $164.51 per share price. According to the SEC, on Aug 9, 2016, John A Edwardson (director) sold 2,882 shares at $162.63 per share price. On Aug 4, 2016, Alan B Jr Graf (EVP CHIEF FINANCIAL OFF) sold 7,400 shares at $159.43 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.