Citigroup Increases FedEx (FDX) Price Target to $275.00

Adjust Comment Print

Palladium Partners Llc who had been investing in Fedex Corp Com for a number of months, seems to be bullish on the $64.37 billion market cap company. The stock increased 0.92% or $2.2 during the last trading session, reaching $240.7. During the same quarter last year, the business posted $2.90 earnings per share. analysts anticipate that FedEx will post 12.47 EPS for the current fiscal year.

More important recent FedEx Corporation (NYSE:FDX) news were published by: Nasdaq.com which released: "FedEx Corporation (FDX) Ex-Dividend Date Scheduled for December 08, 2017" on December 07, 2017, also Fool.com published article titled: "Here's How FedEx Corporation Crushed It in 2017", Seekingalpha.com published: "UPS Vs. FedEx: Do Dividends Matter?" on December 11, 2017. It has outperformed by 2.32% the S&P500.

Wills Financial Group Inc increased its stake in Lyondellbasell Industries (LYB) by 15.51% based on its latest 2017Q2 regulatory filing with the SEC. Spears Abacus Advsrs Ltd Liability Corporation stated it has 1,100 shares. Dearborn Partners Ltd Liability Co reported 1,243 shares. The stock decreased 1.08% or $0.725 during the last trading session, reaching $66.315. About 26.58 million shares traded or 187.95% up from the average. (NASDAQ:SONA) has risen 36.92% since December 15, 2016 and is uptrending. It has outperformed by 61.98% the S&P500. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider's stock worth $104,000 after acquiring an additional 13 shares during the period.


Since September 21, 2017, it had 0 insider purchases, and 4 insider sales for $9.61 million activity. Subramaniam Rajesh also sold $1.48M worth of FedEx Corporation (NYSE:FDX) shares. Maier Henry J sold $2.55M worth of stock or 11,150 shares.

Investors sentiment decreased to 1.88 in 2017 Q2. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. It worsened, as 53 investors sold FDX shares while 373 reduced holdings. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $3.17 by ($0.66).

Kentucky Retirement Systems Insurance Trust Fund increased its stake in Exxon Mobil Corp (XOM) by 3.5% based on its latest 2017Q2 regulatory filing with the SEC. Mufg Americas reported 0.18% of its portfolio in FedEx Corporation (NYSE:FDX). Howland Mngmt Lc reported 1,469 shares. FedEx Corporation has had 8 insider trades in the last 3 months, including 0 open market buys and 8 sells. 55,103 were accumulated by Beach Investment Counsel Inc Pa. Cannell Peter B And Company Incorporated has 1.17% invested in FedEx Corporation (NYSE:FDX) for 156,096 shares. Umb Bankshares N A Mo reported 22,324 shares. 1,263 are owned by Pinnacle Financial Prtnrs. Investors of record on Thursday, June 22nd will be issued a dividend of $0.50 per share. Cambridge Inv Advsr Inc holds 15,364 shares or 0% of its portfolio. Captrust Fincl Advisors invested in 0.04% or 2,110 shares. Tompkins Fincl has 619 shares. Eagleclaw Capital Managment Ltd Limited Liability Company reported 14,870 shares.


Among 19 analysts covering Five Below (NASDAQ:FIVE), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Five Below had 51 analyst reports since September 3, 2015 according to SRatingsIntel. The stock of Rogers Corporation (NYSE:ROG) earned "Buy" rating by B. Riley & Co on Monday, July 31. FedEx Corporation (NYSE:FDX) has risen 19.02% since December 16, 2016 and is uptrending. The firm earned "Buy" rating on Tuesday, September 5 by BMO Capital Markets. FedEx Corporation now has a consensus rating of Buy and an average price target of $218.55. As per Monday, December 14, the company rating was maintained by Credit Suisse. The firm has "Buy" rating by KeyBanc Capital Markets given on Tuesday, October 10. ValuEngine raised FedEx Corporation from a hold rating to a buy rating in a research report on Saturday, June 3rd. Citigroup maintained FedEx Corporation (NYSE:FDX) on Thursday, March 17 with "Buy" rating. (NYSE:FII) shares with value of $2,238 were sold by Van Meter Stephen. Therefore 100% are positive. The rating was downgraded by Raymond James on Monday, December 14 to "Mkt Perform". (NYSE:FII) has "Market Perform" rating given on Friday, October 14 by Wood. Loop Capital initiated Five Below, Inc. Barclays reiterated an "overweight" rating and issued a $270.00 target price (up previously from $230.00) on shares of FedEx in a research note on Thursday, November 30th. Finally, Cowen reissued a "buy" rating and issued a $240.00 target price on shares of FedEx in a report on Tuesday, September 12th. Morgan Stanley initiated it with "Equal-Weight" rating and $132 target in Tuesday, February 23 report. The rating was maintained by UBS on Thursday, March 17 with "Buy". Kennedy Capital Mngmt has invested 0.05% of its portfolio in Southern National Bancorp of Virginia, Inc. Its down 0.03, from 0.87 in 2017Q1. Oppenheimer invested in 0.09% or 15,838 shares. 25 funds opened positions while 29 raised stakes. Canandaigua Savings Bank Tru stated it has 1,634 shares. Davidson And Garrard Incorporated reported 0.08% stake. Meeder Asset accumulated 361 shares. Bluecrest Capital Mgmt reported 0.26% in FedEx Corporation (NYSE:FDX). Renaissance Technology Ltd Limited Liability Company owns 174,142 shares or 0% of their U.S. portfolio. Pitcairn Commerce reported 0.12% stake. Cipher Limited Partnership holds 6,050 shares. The Pennsylvania-based Smithfield Trust has invested 0.07% in FedEx Corporation (NYSE:FDX). Andra Ap invested 0.08% in Unum Group (NYSE:UNM). Cibc Ww holds 0.04% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 102,499 shares. Mariner Wealth Limited, Kansas-based fund reported 25,000 shares.

Large investors have recently made changes to their positions in the stock.

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with our FREE daily email newsletter.


Comments