Credit Suisse Reaffirmed FedEx (NYSE:FDX) As a Outperform; They Now Have a Price Target Of $242

September 17, 2017 - By Vivian Park

 Credit Suisse Reaffirmed FedEx (NYSE:FDX) As a Outperform; They Now Have a Price Target Of $242

Investors sentiment is 0.93 in Q4 2016. Its the same as in 2016Q3. It is the same, 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.

Bradley Foster And Sargent Ct, a Connecticut-based fund reported 4,279 shares. Strategy Asset Managers Ltd Liability Co reported 13,891 shares or 0.59% of all its holdings. Peoples Fin Serv invested in 0.09% or 1,000 shares. Personal Advisors Corp holds 0.01% in FedEx Corporation (NYSE:FDX) or 1,114 shares. Pension Serv reported 0.24% of its portfolio in FedEx Corporation (NYSE:FDX). 2,848 were accumulated by Fiduciary Trust Communications. Baxter Bros Incorporated accumulated 8,261 shares. Panagora Asset Mngmt has invested 0.07% in FedEx Corporation (NYSE:FDX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.51% in FedEx Corporation (NYSE:FDX). Johnson Grp Inc Incorporated owns 7,456 shares. Hirtle Callaghan & Communications Limited owns 26 shares for 0% of their portfolio. Atlantic Lc holds 0.04% or 31,432 shares in its portfolio. Prudential Fin Incorporated holds 0.34% of its portfolio in FedEx Corporation (NYSE:FDX) for 1.13M shares. Groesbeck Investment Corp Nj reported 3,099 shares. Ridgeworth Capital Mgmt Lc holds 0.58% or 368,368 shares.

Since March 23, 2017, it had 0 insider buys, and 6 sales for $37.35 million activity. On Thursday, March 23 JACKSON SHIRLEY A sold $1.19 million worth of FedEx Corporation (NYSE:FDX) or 6,145 shares. DUCKER MICHAEL L also sold $2.50 million worth of FedEx Corporation (NYSE:FDX) shares. $25.52 million worth of stock was sold by SMITH FREDERICK W on Tuesday, May 2. Another trade for 25,655 shares valued at $5.00M was sold by GRAF ALAN B JR. 11,499 shares valued at $2.28 million were sold by Cunningham David L Jr on Wednesday, April 5. $864,068 worth of FedEx Corporation (NYSE:FDX) was sold by WALSH PAUL S.

FedEx (NYSE:FDX) Rating Reaffirmed

Recently, In analysts note issued on Friday, 15 September, FedEx (NYSE:FDX) shares have had their Outperform Rating reconfirmed by investment analysts at Credit Suisse, who currently has a $242 target price per share on company. This target by Credit Suisse suggests the possibile upside of 12.65 % from the stock close price.

Investors sentiment is 0.93 in Q4 2016. Its the same as in 2016Q3. It is the same, 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.

Bradley Foster And Sargent Ct, a Connecticut-based fund reported 4,279 shares. Strategy Asset Managers Ltd Liability Co reported 13,891 shares or 0.59% of all its holdings. Peoples Fin Serv invested in 0.09% or 1,000 shares. Personal Advisors Corp holds 0.01% in FedEx Corporation (NYSE:FDX) or 1,114 shares. Pension Serv reported 0.24% of its portfolio in FedEx Corporation (NYSE:FDX). 2,848 were accumulated by Fiduciary Trust Communications. Baxter Bros Incorporated accumulated 8,261 shares. Panagora Asset Mngmt has invested 0.07% in FedEx Corporation (NYSE:FDX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.51% in FedEx Corporation (NYSE:FDX). Johnson Grp Inc Incorporated owns 7,456 shares. Hirtle Callaghan & Communications Limited owns 26 shares for 0% of their portfolio. Atlantic Lc holds 0.04% or 31,432 shares in its portfolio. Prudential Fin Incorporated holds 0.34% of its portfolio in FedEx Corporation (NYSE:FDX) for 1.13M shares. Groesbeck Investment Corp Nj reported 3,099 shares. Ridgeworth Capital Mgmt Lc holds 0.58% or 368,368 shares.

Since March 23, 2017, it had 0 insider buys, and 6 sales for $37.35 million activity. On Thursday, March 23 JACKSON SHIRLEY A sold $1.19 million worth of FedEx Corporation (NYSE:FDX) or 6,145 shares. DUCKER MICHAEL L also sold $2.50 million worth of FedEx Corporation (NYSE:FDX) shares. $25.52 million worth of stock was sold by SMITH FREDERICK W on Tuesday, May 2. Another trade for 25,655 shares valued at $5.00M was sold by GRAF ALAN B JR. 11,499 shares valued at $2.28 million were sold by Cunningham David L Jr on Wednesday, April 5. $864,068 worth of FedEx Corporation (NYSE:FDX) was sold by WALSH PAUL S.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 32 analysts covering FedEx (NYSE:FDX), 18 have Buy rating, 1 Sell and 13 Hold. Therefore 56% are positive. FedEx has $27000 highest and $15.50 lowest target. $196.86’s average target is -8.36% below currents $214.83 stock price. FedEx had 79 analyst reports since August 14, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of FDX in report on Wednesday, September 2 with “Buy” rating. The firm has “Buy” rating given on Friday, June 3 by UBS. RBC Capital Markets maintained FedEx Corporation (NYSE:FDX) on Thursday, September 17 with “Sector Perform” rating. The company was maintained on Monday, December 14 by Credit Suisse. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 17. The rating was maintained by Citigroup on Friday, August 14 with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Friday, September 15. The firm earned “Buy” rating on Wednesday, August 2 by BMO Capital Markets. As per Wednesday, September 2, the company rating was maintained by Wood. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, June 14 by Oppenheimer.

The stock increased 0.14% or $0.31 on September 15, reaching $214.83. About 1.81M shares traded or 74.04% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since September 17, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors wait FedEx Corporation (NYSE:FDX) to report on September, 19 after the close. its quarterly earnings Wall Street analysts expect $3.17 earnings per share, up $0.27 or 9.31 % from last year’s $2.9 same quarter earnings. This translates into $850.38 million profit for FDX giving the stock a 16.94 P/E. This is assuming the current $3.17 EPS is accurate. FedEx Corporation’s Wall Street analysts see -25.41 % negative EPS growth, taking into account the $4.25 EPS reproted in the previous quarter,

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 $57.63 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 19.38 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.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Nasdaq.com which released: “Will Q1 Earnings be a Dampener for the FedEx (FDX) Stock?” on September 15, 2017, also Nasdaq.com with their article: “FedEx Corporation (FDX) Ex-Dividend Date Scheduled for September 08, 2017” published on September 07, 2017, Investorplace.com published: “Let FedEx Corporation (FDX) Stock Deliver You Easy Profits” on September 13, 2017. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Investorplace.com and their article: “Trade of the Day: FedEx Corporation (FDX) Stock Delivers a Bearish Package” published on August 21, 2017 as well as Seekingalpha.com‘s news article titled: “FedEx World-Class Air Freight Company Compared With Yusen Logistics” with publication date: September 06, 2017.

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