Fedex Corporation (NYSE:FDX) Has Just Been Downgraded by UBS Securities to a “Neutral” Rating

September 17, 2017 - By Adrian Erickson

  Fedex Corporation (NYSE:FDX) Has Just Been Downgraded by UBS Securities to a

Investors sentiment is 0.93 in 2016 Q4. Its the same as in 2016Q3. It has no 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.

Oregon Employees Retirement Fund has invested 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Sirios Limited Partnership has invested 4.09% in FedEx Corporation (NYSE:FDX). Pettyjohn Wood & White holds 0.94% in FedEx Corporation (NYSE:FDX) or 13,057 shares. Riggs Asset Managment Inc reported 184 shares stake. Stonebridge Cap Advisors Ltd has 19,765 shares. Jefferies Group invested in 0.01% or 13,731 shares. New York-based Neville Rodie & Shaw has invested 0.69% in FedEx Corporation (NYSE:FDX). Sprott holds 4,875 shares or 0.08% of its portfolio. London Com Of Virginia reported 304,213 shares. Blackrock Japan Co Ltd invested in 0.25% or 412,549 shares. Central Comml Bank Trust has 1.46% invested in FedEx Corporation (NYSE:FDX). Hillsdale Investment Mngmt has invested 0.01% in FedEx Corporation (NYSE:FDX). Suffolk Ltd Liability reported 75,652 shares. Robeco Institutional Asset Mngmt Bv stated it has 0.01% in FedEx Corporation (NYSE:FDX). Crow Point Partners Limited Liability Corporation owns 1,405 shares.

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

Fedex Corporation (NYSE:FDX) Receives a Downgrade

UBS Securities has just given shares of Fedex Corporation (NYSE:FDX)an updated “Neutral” rating in an analyst note issued on Friday morning. This is a downgrade from the last “Buy” rating that they had set. The financial firm now has a $233.00 target price on firm, which suggests the potential for a 8.46 % upside.

Investors sentiment is 0.93 in 2016 Q4. Its the same as in 2016Q3. It has no 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.

Oregon Employees Retirement Fund has invested 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Sirios Limited Partnership has invested 4.09% in FedEx Corporation (NYSE:FDX). Pettyjohn Wood & White holds 0.94% in FedEx Corporation (NYSE:FDX) or 13,057 shares. Riggs Asset Managment Inc reported 184 shares stake. Stonebridge Cap Advisors Ltd has 19,765 shares. Jefferies Group invested in 0.01% or 13,731 shares. New York-based Neville Rodie & Shaw has invested 0.69% in FedEx Corporation (NYSE:FDX). Sprott holds 4,875 shares or 0.08% of its portfolio. London Com Of Virginia reported 304,213 shares. Blackrock Japan Co Ltd invested in 0.25% or 412,549 shares. Central Comml Bank Trust has 1.46% invested in FedEx Corporation (NYSE:FDX). Hillsdale Investment Mngmt has invested 0.01% in FedEx Corporation (NYSE:FDX). Suffolk Ltd Liability reported 75,652 shares. Robeco Institutional Asset Mngmt Bv stated it has 0.01% in FedEx Corporation (NYSE:FDX). Crow Point Partners Limited Liability Corporation owns 1,405 shares.

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

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. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, January 20 by Standpoint Research. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, March 17 by UBS. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. The stock has “Overweight” rating by Barclays Capital on Wednesday, May 4. The stock of FedEx Corporation (NYSE:FDX) earned “Hold” rating by Zacks on Monday, August 24. UBS downgraded it to “Neutral” rating and $233 target in Friday, September 15 report. The firm has “Mkt Perform” rating given on Monday, December 14 by Raymond James. The firm has “Outperform” rating given on Monday, February 6 by Raymond James. Stifel Nicolaus downgraded it to “Hold” rating and $186 target in Tuesday, November 15 report. The firm has “Buy” rating by Oppenheimer given on Wednesday, June 14.

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.

Analysts expect FedEx Corporation (NYSE:FDX) to report $3.17 EPS on September, 19 after the close.They anticipate $0.27 EPS change or 9.31 % from last quarter’s $2.9 EPS. FDX’s profit would be $850.38M giving it 16.94 P/E if the $3.17 EPS is correct. After having $4.25 EPS previously, FedEx Corporation’s analysts see -25.41 % EPS growth.

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

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