FDX Has Its Price Target Raised To $351

FDX
FDX

The stocks of FDX have already reached their year high after the stock analysts working at Wells Fargo gave it a price target of $351. Currently, the brokerage has set up a rating of overweight on the company. The company did open at a high of $319.82, with the last trading point set at $318.68. The stocks previously shut down at $310.75. 

The Stock Commentary Of FDX

There have been quite a few research equities that have commented on the stocks of FDX. Vertical Research has also put up ratings of buy with a price target of $340 in a 1st April research report. KeyCorp has also increased the price target of the company from $350 to $370 with a rating of overweight in a Wednesday research report.

Berenberg Bank has also increased the price target of the company from $340 to $350 with a rating of buy in a 3rd May research report. Wolfe Research has also increased the rating of the company from “peer perform” to outperform in a 10th May research report. In the end, Credit Suisse Group decided to lower the price target of the company from $368 to $350 with a rating of “outperform” in an 18th March research report. 

One of the investment analysts commenting on the company gave it a rating of sell, while four others gave it a rating of hold. Close to twenty-two other analysts provided it with a rating of buy. Currently, the company has a buy rating with a price target of $317.04. 

FDX previously announced its quarterly earnings on the 17th of March. The provider of financial services reported an EPS of $3.47 for the quarter, which was more than the consensus estimate of $3.21. The net margin of the company was 3.85%, with a 20.74% return on equity. The revenue generated by the company during this period was $21.51 billion, which was more than the consensus estimate of $19.90 billion.

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