FedEx Corporation (FDX)’s Stock Is Buy After Reaching 52-Week High

June 19, 2017 - By Stephen Andrade

Investors sentiment is 0.93 in Q4 2016. Its the same as in 2016Q3. It is without change, as 62 investors sold FedEx Corporation shares while 367 reduced holdings. only 108 funds opened positions while 290 raised stakes. 196.16 million shares or 1.84% more from 192.62 million shares in 2016Q3 were reported.
5,340 are owned by Montecito Comml Bank & Tru. The Texas-based Argent has invested 0.62% in FedEx Corporation (NYSE:FDX). Advisors Ok stated it has 1,203 shares. Alpha Windward Ltd Llc stated it has 1,118 shares or 0.14% of all its holdings. Martingale Asset Mgmt Limited Partnership holds 237,969 shares or 0.62% of its portfolio. Employees Retirement Association Of Colorado invested 0.07% of its portfolio in FedEx Corporation (NYSE:FDX). Brown Advisory has 0.02% invested in FedEx Corporation (NYSE:FDX) for 25,585 shares. Alpine Woods Investors Ltd Liability holds 123,700 shares. Bowen Hanes And Co Incorporated reported 142,943 shares stake. James Invest Research owns 183,009 shares for 0.88% of their portfolio. Comerica Bancorp reported 67,560 shares stake. Alleghany Corp De owns 255,000 shares. State Of New Jersey Common Pension Fund D stated it has 0.16% of its portfolio in FedEx Corporation (NYSE:FDX). Ameriprise Financial holds 0.38% of its portfolio in FedEx Corporation (NYSE:FDX) for 3.71 million shares. Jpmorgan Chase & reported 0.02% stake.

Since December 22, 2016, it had 0 insider buys, and 8 selling transactions for $50.98 million activity. On Tuesday, May 2 the insider SMITH FREDERICK W sold $25.52 million. CARTER ROBERT B sold $6.61M worth of stock or 34,580 shares. 25,655 FedEx Corporation (NYSE:FDX) shares with value of $5.00 million were sold by GRAF ALAN B JR. $2.28M worth of FedEx Corporation (NYSE:FDX) shares were sold by Cunningham David L Jr. DUCKER MICHAEL L also sold $2.50 million worth of FedEx Corporation (NYSE:FDX) shares. Shares for $7.02 million were sold by BRONCZEK DAVID J. 6,145 shares valued at $1.19 million were sold by JACKSON SHIRLEY A on Thursday, March 23.

The stock of FedEx Corporation (NYSE:FDX) hit a new 52-week high and has $228.29 target or 9.00 % above today’s $209.44 share price. The 5 months bullish chart indicates low risk for the $56.01B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $228.29 price target is reached, the company will be worth $5.04B 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 450,880 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since June 19, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on June, 20 after the close. They expect $3.84 earnings per share, up 16.36 % or $0.54 from last year’s $3.3 per share. FDX’s profit will be $1.03 billion for 13.64 P/E if the $3.84 EPS becomes a reality. After $2.35 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 63.40 % EPS growth.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 27 analysts covering FedEx (NYSE:FDX), 16 have Buy rating, 1 Sell and 10 Hold. Therefore 59% are positive. FedEx had 57 analyst reports since August 14, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $171 target in Monday, February 22 report. The rating was downgraded by Standpoint Research to “Hold” on Thursday, March 17. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Argus Research on Tuesday, September 22. The firm has “Outperform” rating given on Friday, March 24 by BMO Capital Markets. The stock of FedEx Corporation (NYSE:FDX) has “Conviction-Buy” rating given on Thursday, September 17 by Goldman Sachs. The firm has “Neutral” rating given on Thursday, March 17 by Nomura. Citigroup maintained the shares of FDX in report on Thursday, March 17 with “Buy” rating. The stock has “Outperform” rating by Cowen & Co on Thursday, September 17. The company was upgraded on Thursday, March 30 by Susquehanna. Credit Suisse upgraded it to “Outperform” rating and $219 target in Thursday, March 23 report.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Businesswire.com which released: “FedEx Corp. Board Declares Quarterly Dividend” on June 12, 2017, also Nasdaq.com with their article: “FedEx Corporation (FDX) Ex-Dividend Date Scheduled for June 20, 2017” published on June 19, 2017, Bizjournals.com published: “FedEx president shows support for air traffic control reform” on June 06, 2017. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Investorplace.com and their article: “FedEx Corporation Stock (FDX) Hits 52-Week High Driven by This Dividend Hike” published on June 14, 2017 as well as Seekingalpha.com‘s news article titled: “Reconsidering FedEx’s ‘Low’ Dividend Yield” with publication date: June 16, 2017.

FedEx Corporation 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 has market cap of $56.01 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 29.68 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.

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