The stock of the delivery company in the past one month has performed fairly well but in the time span of three months the share price has dropped.
Barclays, the multinational banking and financing company, has given its rating to the shares of FedEx Corporation. Currently, the banking firm has maintained its rating of “equal weight” on the company’s stock but it has however lowered the target price. The target price now, as per Barclay’s target has been lowered from $180 to $175.
The reason that the financing firm gave for lowering the target price of the Memphis-based delivery company was that it will still take time to settle down and improve the profitability of the European based delivery company that it acquired earlier in 2015, TNT Express.
On the other hand, Zacks Research and Investment firm has given a rating of “Hold” to the shares of the delivery company followed by a rank of 3. Wall Street analysts have given FedEx’s stock an average rating of 1.67. Out of the 18 experts, the shares have been added to the “strong buy” list of 12 and suggest a rating of “Hold” by the remaining 6.
Furthermore, the stock of the delivery company is expected to reach a short term target price of $183.93 and 14 analysts have collectively agreed on this consensus. The high end to which the estimated target price if predicted to reach is $208 and the lower end to which the target price can drop down to is $157.
Apart from Barclays and Zacks, Stifel Nicolaus, a major brokerage firm that also covers FedEx’s stock commented on the shares. The brokerage firm has upgraded its outlook on the stock of the delivery company. Now the rating received by Stifel Nicolaus is “Buy”, initially it was “Hold”, according to the report that was released by the brokerage firm on October 6, 2015.
On the trading session that took place on Tuesday, the stock of the company rose by 0.11%; in comparison to that the stock rose by 2.02% in the past five trading days, furthermore it also rose in a month’s time by 6.14%. Although in the past three months, the share price of the shares of FedEx has dropped by 6.95%. At the trading session on Tuesday, the highest share price level was $159.93 and the lowest share price level was $158.2. The trade ended at $159.12 per share. The current volume of shares of the company that are being traded are 1,352,821 and the present market capitalization of the delivery company is 44.93 billion. The highest the share price was witnessed in the past 52 weeks was $185.19 while the lowest share price that was registered in the past 52 weeks was $130.0117.
The Director of FedEx, Edwardson John unloaded 1,572 shares. These shares were unloaded at a share price of $145.2 on September 21, 2015. The total transaction was worth $228,254. This data was revealed by FedEx Corp on a form 4 filing to the SEC. The year to date stock of the company performance stands at -7.99%.
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