FedEx (NYSE:FDX) Price Target Raised to $293.00

Jeannie Matthews
January 14, 2018

Mittleman Brothers Llc who had been investing in Amc Entmt Hldgs Inc for a number of months, seems to be bullish on the $1.86B market cap company. The stock increased 0.52% or $0.14 during the last trading session, reaching $26.84. About 376,906 shares traded or 31.15% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 13, 2017 and is uptrending.

Selway Asset Management decreased its stake in Fedex (FDX) by 28.17% based on its latest 2017Q3 regulatory filing with the SEC. Echo Street Capital Management Llc sold 75,296 shares as Fedex Corp (FDX)'s stock declined 2.24%. Finally, Canada Pension Plan Investment Board raised its stake in shares of FedEx by 3.3% in the third quarter. (NYSE:FDX) traded up $0.66 during mid-day trading on Friday, reaching $271.85. About 8.11M shares traded or 20.52% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 13, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment decreased to 0.71 in 2017 Q3. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. It dropped, as 131 investors sold EFX shares while 158 reduced holdings. Vanguard Group Inc. raised its stake in FedEx by 2.7% during the second quarter. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. Zevin Asset Limited Liability Co accumulated 2,927 shares. South State Corp accumulated 1,417 shares. Robeco Institutional Asset Mgmt Bv has 9,577 shares. Brandywine Glob Investment Ltd Liability has invested 0.05% of its portfolio in FedEx Corporation (NYSE:FDX). Burney invested 0.21% of its portfolio in FedEx Corporation (NYSE:FDX). Appleton Partners Inc Ma has invested 0.07% in FedEx Corporation (NYSE:FDX). Howland Cap Limited Liability has invested 0.03% in FedEx Corporation (NYSE:FDX). Missouri-based Umb Bancorp N A Mo has invested 0.17% in FedEx Corporation (NYSE:FDX). Vetr lowered FedEx to a sell rating and set a $204.84 price target on the a research report on Thursday, August 31st. Davidson & Garrard reported 0.09% stake. West Oak Limited Liability Company accumulated 89 shares.

Echo Street Capital Management Llc increased Dun & Bradstreet Corp Del Ne (NYSE:DNB) stake by 33,731 shares to 389,811 valued at $45.38 million in 2017Q3. Diversified Com holds 1.1% of its portfolio in FedEx Corporation (NYSE:FDX) for 63,817 shares. Therefore 65% are positive. Zacks Investment Research lowered FedEx from a hold rating to a sell rating in a research report on Tuesday, August 22nd. Credit Suisse Group's price target suggests a potential upside of 4.10% from the company's previous close. The rating was maintained by Barclays Capital with "Buy" on Thursday, November 30. The firm earned "Outperform" rating on Thursday, March 23 by Cowen & Co. The rating was upgraded by Barclays Capital on Wednesday, May 4 to "Overweight". The stock now has a consensus rating of Buy and a consensus target price of $193.32. The stock of FedEx Corporation (NYSE:FDX) earned "Buy" rating by Robert W. Baird on Wednesday, December 20. The stock of FedEx Corporation (NYSE:FDX) earned "Buy" rating by BMO Capital Markets on Friday, October 27. The rating was upgraded by UBS on Tuesday, January 9 to "Buy". The rating was maintained by Deutsche Bank on Wednesday, August 12 with "Buy".

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Since September 21, 2017, it had 0 insider purchases, and 6 selling transactions for $22.31 million activity. Shares for $11.89 million were sold by BRONCZEK DAVID J. 6,750 shares valued at $1.48M were sold by Subramaniam Rajesh on Thursday, September 21. The stock of FedEx Corporation (NYSE:FDX) has "Hold" rating given on Thursday, September 3 by TheStreet. The insider Colleran Donald F sold 10,000 shares worth $2.20M. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Verizon Communications Inc. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Monday, October 10.

TRADEMARK VIOLATION WARNING: "FedEx (FDX) Rating Reiterated by Credit Suisse Group" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. Stephens set a $306.00 price target on FedEx and gave the stock a "buy" rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of FedEx from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Thursday, October 12th. The firm has "Mkt Perform" rating given on Wednesday, January 25 by Raymond James. (NYSE:EFX) rating on Friday, October 6. As per Friday, December 16, the company rating was maintained by Cowen & Co. As per Tuesday, November 15, the company rating was downgraded by CLSA. Taurus Asset Mgmt Ltd Llc has 0.05% invested in FedEx Corporation (NYSE:FDX) for 1,351 shares. Mcmillion Capital Management Inc. boosted its position in shares of FedEx 0.7% in the third quarter.

Investors sentiment decreased to 1.3 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It is negative, as 51 investors sold PG shares while 765 reduced holdings. 44 funds opened positions while 54 raised stakes. Sumitomo Life Insurance has 8,346 shares. Bartlett And Comm Ltd Co reported 6,760 shares or 0.01% of all its holdings. Moreover, Burney Co has 0.18% invested in Equifax Inc. Country Club Trust Na holds 0.03% or 1,078 shares in its portfolio. 17,050 are held by Train Babcock Advsrs Limited Liability Corporation. (NYSE:EFX). Huntington Bank & Trust invested 0.01% in Equifax Inc. Ameriprise stated it has 978,473 shares. Citadel Advisors Lc holds 13,287 shares. Buckingham Mngmt invested 1.95% in Bank of America Corporation (NYSE:BAC). 36,160 are owned by Hbk Invs Lp. Investors of record on Monday, December 11th were issued a dividend of $0.50 per share. (NYSE:EFX). Winslow Evans And Crocker, Massachusetts-based fund reported 7,468 shares. Parallax Volatility Advisers Ltd Partnership has 0% invested in AMC Entertainment Holdings, Inc.

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