FedEx Corporation (NYSE:FDX)‘s stock had its “buy” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Wednesday. They currently have a $229.00 price objective on the shipping service provider’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 3.85% from the company’s previous close. Oppenheimer Holdings also issued estimates for FedEx Corporation’s Q3 2018 earnings at $2.73 EPS and FY2019 earnings at $15.04 EPS.

A number of other brokerages also recently weighed in on FDX. Cowen and Company reaffirmed a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Tuesday, July 11th. Loop Capital reaffirmed a “buy” rating and set a $234.00 target price on shares of FedEx Corporation in a research note on Tuesday, July 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $220.00 target price on shares of FedEx Corporation in a research note on Monday, July 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Tuesday, September 12th. Finally, Vetr downgraded shares of FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 target price for the company. in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company. FedEx Corporation currently has a consensus rating of “Buy” and a consensus target price of $225.26.

FedEx Corporation (NYSE FDX) opened at 218.83 on Wednesday. FedEx Corporation has a 52-week low of $168.00 and a 52-week high of $220.77. The company has a market capitalization of $58.70 billion, a price-to-earnings ratio of 19.77 and a beta of 1.28. The stock has a 50 day moving average price of $210.17 and a 200 day moving average price of $202.36. FedEx Corporation also was the target of some unusual options trading activity on Wednesday. Investors acquired 15,812 put options on the company. This is an increase of approximately 524% compared to the average daily volume of 2,532 put options.

FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same period in the prior year, the business posted $2.90 EPS. FedEx Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts forecast that FedEx Corporation will post $12.84 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/22/oppenheimer-holdings-inc-reiterates-buy-rating-for-fedex-corporation-fdx.html.

In other news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the transaction, the director now owns 30,608 shares in the company, valued at approximately $6,370,749.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim Jabal sold 609 shares of FedEx Corporation stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $216.13, for a total transaction of $131,623.17. Following the transaction, the director now owns 2,100 shares in the company, valued at approximately $453,873. The disclosure for this sale can be found here. Company insiders own 8.45% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Krilogy Financial LLC lifted its stake in shares of 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 buying an additional 2 shares in the last quarter. Cribstone Capital Management LLC lifted its stake in shares of 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 buying an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of 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 buying an additional 9 shares in the last quarter. Brick & Kyle Associates lifted its stake in shares of 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 buying an additional 10 shares in the last quarter. Finally, Park National Corp OH lifted its stake in shares of 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 buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

About FedEx Corporation

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)

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with MarketBeat.com's FREE daily email newsletter.