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Analyst Forecast: Will FedEx Corporation (FDX) Stock Rise or Fall in the Next Year?

Wednesday, April 08, 2020 11:01 AM | InvestorsObserver Analysts

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Analyst Forecast: Will FedEx Corporation (FDX) Stock Rise or Fall in the Next Year?

Wall Street is positive on FedEx Corporation (FDX). On average, analysts give the stock a Buy rating. The average price target is $137.866, which means analysts expect the stock to gain by 11.45% over the next twelve months.

That average ranking earns the stock an Analyst Rating of 29, which is better than 29% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating FDX a Buy today. Find out what this means to you and get the rest of the rankings on FDX!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With FedEx Corporation Stock Today?

FedEx Corporation (FDX) stock has gained 6.68% while the S&P 500 is flat 0% as of 10:50 AM on Wednesday, Apr 8. FDX has gained $7.75 from the previous closing price of $115.95 on volume of 1,258,871 shares. Over the past year the S&P 500 has fallen -7.60% while FDX is down -34.88%. FDX lost -$1.34 per share the over the last 12 months.

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