FedEx Corporation (NYSE:FDX)‘s stock had its “buy” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Wednesday. They currently have a $229.00 target price on the shipping service provider’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 6.02% from the stock’s current price.

A number of other research firms have also issued reports on FDX. Bank of America Corporation reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Wednesday, June 21st. Credit Suisse Group boosted their price objective on FedEx Corporation from $237.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded FedEx Corporation from a “hold” rating to a “buy” rating and set a $222.00 price objective on the stock in a research note on Friday, June 2nd. Finally, Loop Capital reiterated a “buy” rating and set a $234.00 price objective on shares of FedEx Corporation in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $224.60.

FedEx Corporation (NYSE:FDX) traded up 1.78% during trading on Wednesday, hitting $219.84. 3,526,987 shares of the company were exchanged. FedEx Corporation has a 12 month low of $168.00 and a 12 month high of $222.71. The company has a 50-day moving average of $210.17 and a 200-day moving average of $202.36. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 19.86 and a beta of 1.28.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the previous year, the firm posted $2.90 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts forecast that FedEx Corporation will post $13.38 EPS for the current year.

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In other FedEx Corporation news, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the completion of the transaction, the chief executive officer now owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kim Jabal sold 5,918 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $216.05, for a total value of $1,278,583.90. Following the transaction, the director now directly owns 3,610 shares of the company’s stock, valued at approximately $779,940.50. The disclosure for this sale can be found here. Insiders have sold a total of 77,757 shares of company stock valued at $16,447,426 over the last 90 days. 8.45% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC raised its position in FedEx Corporation by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares during the last quarter. Cribstone Capital Management LLC raised its position in FedEx Corporation by 1.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in FedEx Corporation by 1.0% during the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock valued at $184,000 after purchasing an additional 9 shares during the last quarter. Brick & Kyle Associates raised its position in FedEx Corporation by 1.5% during the 1st quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after purchasing an additional 10 shares during the last quarter. Finally, Park National Corp OH raised its position in FedEx Corporation by 0.9% during the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock valued at $256,000 after purchasing an additional 10 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

FedEx Corporation Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Analyst Recommendations for FedEx Corporation (NYSE:FDX)

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