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Berenberg Bank Downgrades FedEx (FDX) to Hold

Berenberg Bank analyst William Fitzalan Howard downgraded FedEx (FDXResearch Report) to Hold yesterday and set a price target of $275.00. The company’s shares closed last Thursday at $226.71.

According to TipRanks.com, Howard is ranked #2151 out of 7904 analysts.

FedEx has an analyst consensus of Strong Buy, with a price target consensus of $297.32, which is a 29.5% upside from current levels. In a report released yesterday, BMO Capital also assigned a Hold rating to the stock with a $280.00 price target.

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FedEx’s market cap is currently $60.6B and has a P/E ratio of 11.90.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FDX in relation to earlier this year. Most recently, in May 2022, Frederick W. Smith, the Chairman of FDX bought 198,675 shares for a total of $16,937,044.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1971, FedEx Corp. is a multinational delivery services company based in Tennessee. It provides transportation, e-commerce, and business services worldwide. The company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the FedEx brand.

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