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Brokers Issue Forecasts for FedEx’s FY2018 Earnings (FDX)

Baird upped their price objective on FedEx from $270.00 to $280.00 and gave the stock an outperform rating in a research report on Thursday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $281.51. 1,447,010 shares of the stock were exchanged, compared to its average volume of 2,130,503. The stock has a market capitalization of $64,580.14, a P/E ratio of 19.05, a P/E/G ratio of 1.25 and a beta of 1.38.
Ingalls Snyder LLC now owns 8,119 shares of the shipping service providers stock valued at $2,026,000 after buying an additional 193 shares during the period. Bremer Trust National Association now owns 7,822 shares of the shipping service providers stock valued at $1,952,000 after buying an additional 197 shares during the period. now owns 9,345 shares of the shipping service providers stock valued at $2,332,000 after buying an additional 201 shares during the period. Cobiz Wealth LLC now owns 25,472 shares of the shipping service providers stock valued at $6,356,000 after buying an additional 202 shares during the period. MAI Capital Management now owns 1,632 shares of the shipping service providers stock valued at $407,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 74.68% of the companys stock.
ILLEGAL ACTIVITY WARNING: This article was reported by StockNewsTimes and is the property of of StockNewsTimes. The correct version of this article can be read at https://stocknewstimes.com/2018/04/08/oppenheimer-weighs-in-on-fedex-co-s-fy2018-earnings-fdx.html. FedEx Corporation provides transportation, e-commerce, and business services worldwide. The companys FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports. Source: https://stocknewstimes.com/