Jim Cramer Loves FedEx (FDX) CEO

We recently published 8 Stocks on Jim Cramer’s Radar.  FedEx Corporation (NYSE:FDX) is one of the stocks on Jim Cramer's radars.

Logistics giant FedEx Corporation (NYSE:FDX) is a regular feature of Cramer’s morning show. Cramer has repeatedly shared optimistic views about the firm’s CEO and its ongoing turnaround. His optimism is also matched by analysts. For instance, Stifel kept a Buy rating and set the share price target to $305 for FedEx Corporation (NYSE:FDX)’s shares on December 17th. The firm remarked that it sees the potential for meaningful valuation upside and added that the upcoming second-quarter earnings would serve as an indicator for its Express business’ cost controls. Stifel was followed by BMO Capital on December 19th as the firm raised FedEx Corporation (NYSE:FDX)’s share price target to $290 from $265 and kept a Market Perform rating on the stock a day after the firm released its second quarter earnings. Cramer’s prediction for the firm turned out to be correct as its profit per share of $4.82 beat analyst estimates of $4.11. Ahead of the earnings, the CNBC TV host had asserted that FedEx Corporation (NYSE:FDX)’s CEO was a winner:

“I think FedEx could be a blowout. . .we had a truck driver shortage, but other than that, holy cow. I think the world of Raj, I think he’s sensational, and I think he can deliver the real numbers.

. . .People have to listen to Raj, he is so good. I love him, I think he’s done a remarkable job at FedEx. And I think he’s a winner. . .he inherited Mr. Smith’s company and he’s done a fantastic job.”

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Disclosure: None. This article is originally published at Insider Monkey.