FedEx (FDX) Receives a Buy from Barclays

In a report released today, Brandon Oglenski from Barclays maintained a Buy rating on FedEx, with a price target of $450.00.

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Oglenski covers the Industrials sector, focusing on stocks such as FedEx, FTAI Aviation, and JetBlue Airways. According to TipRanks, Oglenski has an average return of 7.8% and a 53.89% success rate on recommended stocks.

In addition to Barclays, FedEx also received a Buy from Citi’s Ariel Rosa in a report issued yesterday. However, on May 12, J.P. Morgan maintained a Hold rating on FedEx (NYSE: FDX).

Based on FedEx’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $24 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $22.16 billion and had a net profit of $909 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDX in relation to earlier this year. Last month, Tracy B Brightman, the EVP – Chief People Officer of FDX sold 16,959.00 shares for a total of $6,164,031.78.