FedEx (FDX) was Downgraded to a Hold Rating at Berenberg Bank

FedEx (FDXResearch Report) received a Hold rating and a $275.00 price target from Berenberg Bank analyst William Fitzalan Howard yesterday. The company’s shares closed last Friday at $223.61.

According to TipRanks.com, Howard is a 4-star analyst with an average return of 4.4% and a 53.5% success rate. Howard covers the Industrial Goods sector, focusing on stocks such as Flughafen Zurich AG, United Parcel, and Royal Mail.

Currently, the analyst consensus on FedEx is a Strong Buy with an average price target of $296.79, representing a 33.3% upside. In a report issued on June 24, BMO Capital also maintained a Hold rating on the stock with a $270.00 price target.

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The company has a one-year high of $302.66 and a one-year low of $192.82. Currently, FedEx has an average volume of 2.55M.

Based on the recent corporate insider activity of 26 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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