Today’s Stock On Watch: Will FedEx Corporation Run Out of Steam Soon?

Today's Stock On Watch: Will FedEx Corporation Run Out of Steam Soon?

The stock of FedEx Corporation (NYSE:FDX) hit a new 52-week high and has $275.01 target or 47.00% above today’s $187.08 share price. The 7 months bullish chart indicates low risk for the $50.02 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $275.01 price target is reached, the company will be worth $23.51 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 142,980 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 11.30% since April 19, 2016 and is uptrending. It has outperformed by 7.44% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Out of 24 analysts covering FedEx (NYSE:FDX), 10 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 42% are positive. FedEx has been the topic of 44 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus on Thursday, June 2 with “Buy”. The rating was maintained by Susquehanna with “Neutral” on Friday, September 18. UBS maintained the stock with “Buy” rating in Thursday, March 17 report. Goldman Sachs maintained FedEx Corporation (NYSE:FDX) on Thursday, September 17 with “Conviction-Buy” rating. The stock has “Equal Weight” rating given by Barclays Capital on Monday, November 2. The stock of FedEx Corporation (NYSE:FDX) has “Peer Perform” rating given on Monday, November 30 by Wolfe Research. As per Tuesday, February 23, the company rating was initiated by Morgan Stanley. As per Tuesday, November 15, the company rating was downgraded by Stifel Nicolaus. On Thursday, March 17 the stock rating was downgraded by Standpoint Research to “Hold”. The firm has “Outperform” rating by Oppenheimer given on Thursday, September 17.

According to Zacks Investment Research, “FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.”

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.11, from 0.82 in 2016Q1. The ratio improved, as 66 funds sold all FedEx Corporation shares owned while 373 reduced positions. 75 funds bought stakes while 285 increased positions. They now own 192.17 million shares or 6.59% less from 205.72 million shares in 2016Q1.
Artisan Prtnrs Partnership reported 1.15 million shares or 0.37% of all its holdings. Parametric Portfolio Associates Ltd Liability Corp has 0.12% invested in the company for 510,944 shares. Ferguson Wellman Cap Mgmt Inc holds 0.74% or 115,921 shares in its portfolio. Dai Ichi Life Insurance Commerce Ltd has 0.11% invested in the company for 23,154 shares. Cornerstone Cap Ltd Com holds 0.15% of its portfolio in FedEx Corporation (NYSE:FDX) for 126,406 shares. Cullen Frost Bankers last reported 13,805 shares in the company. Merriman Wealth Mgmt Lc holds 0.17% of its portfolio in FedEx Corporation (NYSE:FDX) for 4,021 shares. Advance Capital I reported 3,900 shares or 0.63% of all its holdings. Granite Inv Advsrs Inc accumulated 2,075 shares or 0.06% of the stock. The Florida-based Raymond James Tru Na has invested 0.08% in FedEx Corporation (NYSE:FDX). Carlton Hofferkamp & Jenks Wealth Limited, a Texas-based fund reported 3,489 shares. Matthew 25 Corp, a Pennsylvania-based fund reported 178,000 shares. Bollard Ltd has 0.04% invested in the company for 3,535 shares. Moreover, Lakewood Management L P has 6.86% invested in FedEx Corporation (NYSE:FDX) for 935,500 shares. Moreover, Summit Securities Ltd Liability Company has 0.19% invested in FedEx Corporation (NYSE:FDX) for 2,400 shares.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 9 insider sales for $30.10 million net activity. CARTER ROBERT B had sold 24,784 shares worth $4.39M on Wednesday, September 28. Another trade for 80,080 shares valued at $13.90 million was sold by RICHARDS CHRISTINE P. On Friday, August 5 EDWARDSON JOHN A sold $468,697 worth of the stock or 2,882 shares. The insider Maier Henry J sold $920,874. Another trade for 10,280 shares valued at $1.87M was sold by MERINO JOHN L. The insider DUCKER MICHAEL L sold 5,000 shares worth $792,125. BRONCZEK DAVID J had sold 32,669 shares worth $5.76 million.

Another recent and important FedEx Corporation (NYSE:FDX) news was published by Schaeffersresearch.com which published an article titled: “Will FedEx Corporation (FDX) Deliver Another November Rally?” on November 01, 2016.

FDX Company Profile

FedEx Corporation (FedEx), incorporated on October 2, 1997, provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides the Company’s other companies with sales, marketing, information technology, communications, customer service and other back-office support.

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