FedEx (FDX) Stock Rating Reaffirmed by BMO Capital Markets

Jeannie Matthews
January 12, 2018

The company??s FedEx Express segment provides various shipping services for the delivery of packages and freight; worldwide trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows clients to track and manage imports. The stock decreased 0.37% or $0.985 during the last trading session, reaching $266.765. The stock exchanged hands with 300,524 numbers of shares compared to its average daily volume of 1.49M shares. It has outperformed by 2.32% the S&P500. The hedge fund held 562,000 shares of the semiconductors company at the end of 2017Q3, valued at $6.38M, up from 313,461 at the end of the previous reported quarter. Granite Investment Partners Llc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $71.24B market cap company.

FedEx Corporation (FDX) surged 0.39% yesterday to close its trading session at $265.92. M Securities, a Oregon-based fund reported 1,058 shares.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, December 19th. It has underperformed by 8.37% the S&P500.The move comes after 5 months positive chart setup for the $135.62 million company. Krilogy Financial LLC increased its stake in shares of FedEx by 0.4% in the second quarter. JNJ's profit will be $4.62 billion for 20.90 P/E if the $1.72 EPS becomes a reality. Webster National Bank N A reported 2,705 shares.

Investors sentiment decreased to 0.91 in Q3 2017. Its the same as in 2017Q2. It dived, as 16 investors sold TCP shares while 52 reduced holdings. Hl Svcs Ltd Company accumulated 9,728 shares. About 83,857 shares traded. Paloma Ptnrs Management Company has invested 0% in Core-Mark Holding Company, Inc. Financial Bank Of Montreal Can reported 978,779 shares. Baldwin Inv Mngmt Ltd owns 4,477 shares or 0.38% of their USA portfolio. Rodgers Brothers holds 1,500 shares. Tokio Marine Asset Mngmt reported 2,156 shares. Swift Run Capital Mgmt Ltd owns 0.19% invested in Johnson & Johnson (NYSE:JNJ) for 2,714 shares. STATE STREET CORP owned 0.04% of NextEra Energy, Inc. Alpha Windward Limited Company invested in 0.15% or 1,061 shares. Columbia Pacific Advsr Limited Liability has invested 0.57% in MagnaChip Semiconductor Corporation (NYSE:MX). Ftb Advsrs accumulated 470 shares or 0% of the stock. Benedict Fincl Incorporated has invested 3.58% of its portfolio in Johnson & Johnson (NYSE:JNJ). Highvista Strategies Ltd Company reported 0.05% stake. Therefore 17% are positive. ONEOK had 61 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Wednesday, November 1. The rating was maintained by BMO Capital Markets on Friday, March 24 with "Outperform". Oppenheimer reiterated a "buy" rating and issued a $229.00 target price on shares of FedEx in a report on Wednesday, September 20th. Stifel Nicolaus maintained it with "Hold" rating and $272.0 target in Wednesday, December 20 report. The rating was maintained by Citigroup with "Neutral" on Wednesday, July 27. As per Monday, October 5, the company rating was reinitiated by Piper Jaffray. The ex-dividend date of this dividend was Thursday, December 8th. The firm earned "Sector Perform" rating on Monday, June 13 by RBC Capital Markets. The firm has "Hold" rating given on Tuesday, July 18 by Cantor Fitzgerald.

Investors sentiment increased to 1.07 in Q3 2017.

The Company now has ROA (Return on Assets) of 4.9 percent, Return on Equity (ROE) of 12.8 Percent and Return on Investment (ROI) of 6.4% with Gross margin of 34 percent and Operating & Profit margin of 13.4% and 7.4% respectively. It increased, as 33 investors sold POST shares while 77 reduced holdings.

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Institutional investors and hedge funds have recently made changes to their positions in the company. The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.89 by $0.29. Farmers And Merchants Investments has 0.35% invested in FedEx Corporation (NYSE:FDX). Finally, Loop Capital boosted their price objective on FedEx to $318.00 in a report on Thursday, January 4th. Beese Fulmer Invest Mngmt Incorporated holds 0.07% or 1,319 shares in its portfolio. Highbridge Management Ltd holds 45,000 shares. AMI Asset Management Corp grew its stake in FedEx by 11.9% during the 2nd quarter. Aperio Group LLC owned 0.05% of FedEx Corporation worth $24,220,000 at the end of the most recent quarter. Brandywine Inv Mngmt Llc stated it has 0.05% in FedEx Corporation (NYSE:FDX). Ferguson Wellman Management reported 13,784 shares. Southeastern Asset Inc Tn reported 10.63% in FedEx Corporation (NYSE:FDX). Quantbot Technologies Limited Partnership holds 0.01% or 4,754 shares in its portfolio. First Savings Bank Of Omaha holds 41,198 shares.

12Th Street Asset Management Company Llc, which manages about $386.32M US Long portfolio, upped its stake in Dycom Inds Inc (NYSE:DY) by 44,718 shares to 352,576 shares, valued at $30.28 million in 2017Q3, according to the filing. Westwood Mngmt Il invested in 3.95% or 117,098 shares.

Since September 21, 2017, it had 0 insider purchases, and 6 selling transactions for $22.31 million activity. $1.48M worth of stock was sold by Subramaniam Rajesh on Thursday, September 21. Another trade for 14,964 shares valued at $3.38M was sold by DUCKER MICHAEL L. STEINER DAVID P sold 3,016 shares worth $802,405.

Among 3 analysts covering Immunomedics (NASDAQ:IMMU), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 65% are positive. FedEx had 105 analyst reports since August 14, 2015 according to SRatingsIntel. (NASDAQ:OCLR) on Thursday, September 7 with "Buy" rating. Nomura maintained the shares of FDX in report on Thursday, March 17 with "Neutral" rating. The firm has "Hold" rating by TheStreet given on Thursday, September 3. The firm has "Buy" rating given on Friday, June 3 by UBS. The firm has "Buy" rating given on Tuesday, December 19 by BMO Capital Markets. As per Friday, October 20, the company rating was maintained by Oppenheimer. The firm has "Buy" rating given on Monday, February 22 by Stifel Nicolaus. Stephens set a $306.00 target price on FedEx and gave the stock a "buy" rating in a research note on Wednesday, December 20th. However, the company's operations have been disrupted by the June 2017 cyberattack. As per Thursday, January 4, the company rating was upgraded by U.S. Capital Advisors.

Asset Advisors Corp, which manages about $657.91 million and $561.52 million US Long portfolio, decreased its stake in South State Corp (NASDAQ:SSB) by 7,000 shares to 173,462 shares, valued at $15.62 million in 2017Q3, according to the filing. LLC bought a new stake in shares of FedEx during the 3rd quarter valued at about $136,000.

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