Fedex Corporation (NYSE:FDX) stock price target increased to $186.00, issued a research note today by Stifel Nicolaus
- Updated: September 25, 2016
In a report released on 9/21/2016 Stifel Nicolaus increased the stock price target of Fedex Corporation (NYSE:FDX) from $179.00 to $186.00 stating a potential upside of 0.14%.
Boasting a price of $162.65, Fedex Corporation (NYSE:FDX) traded 0.42% higher on the day. With the last stock price close up 7.99% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fedex Corporation has recorded a 50-day average of $165.36 and a two hundred day average of $161.49. Volume of trade was up over the average, with 2,472,536 shares of FDX changing hands over the typical 1,477,650
With a total market value of $0, Fedex Corporation has price-earnings ratio of 26.08 with a one year low of $119.71 and a one year high of $175.38 .
A total of 22 equity analysts have released a ratings update on FDX. 9 firms rating the stock a strong buy, 7 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of $181.57.
More About Fedex Corporation (NYSE:FDX)
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. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.
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