Are Analysts Bullish FedEx Corporation (NYSE:FDX) After Last Week?

FedEx Corporation (NYSE:FDX) Logo
Investors sentiment decreased to 0.95 in 2019 Q2. Its down 0.20, from 1.15 in 2019Q1. It dived, as 74 investors sold FedEx Corporation shares while 372 reduced holdings. 98 funds opened positions while 325 raised stakes. 179.71 million shares or 2.65% more from 175.06 million shares in 2019Q1 were reported.
2,800 are held by Ci Invs. Shell Asset Mngmt accumulated 15,239 shares or 0.06% of the stock. Synovus Fin Corporation holds 5,820 shares. Tudor Corporation Et Al holds 0.1% or 20,347 shares. 1,434 were reported by Finemark Natl Bank. Schroder Investment Mngmt Gp holds 0% or 3,208 shares in its portfolio. Hartford Invest Management Commerce accumulated 0.12% or 26,292 shares. Summit Asset Mgmt Limited Liability Company has invested 0.56% in FedEx Corporation (NYSE:FDX). Cwm Limited Liability Company reported 0.44% in FedEx Corporation (NYSE:FDX). Raymond James And holds 0.07% or 288,229 shares. Johnson Fincl Group Inc accumulated 12,410 shares. Geode Limited Liability Com invested in 0.13% or 3.19 million shares. Bancshares Of America Corporation De, North Carolina-based fund reported 1.73 million shares. Ima Wealth stated it has 0.91% in FedEx Corporation (NYSE:FDX). Conning holds 0.02% in FedEx Corporation (NYSE:FDX) or 4,146 shares.

Since July 12, 2019, it had 1 insider purchase, and 0 selling transactions for $100,614 activity.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 19 analysts covering FedEx (NYSE:FDX), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. FedEx has $262 highest and $14300 lowest target. $199’s average target is 14.30% above currents $174.1 stock price. FedEx had 35 analyst reports since March 14, 2019 according to SRatingsIntel. J.P. Morgan downgraded FedEx Corporation (NYSE:FDX) on Wednesday, March 20 to “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $201 target in Wednesday, March 20 report. The firm earned “Neutral” rating on Wednesday, June 26 by JP Morgan. The firm has “Outperform” rating given on Wednesday, June 26 by Raymond James. Loop Capital Markets maintained the shares of FDX in report on Wednesday, March 20 with “Buy” rating. Credit Suisse maintained the shares of FDX in report on Wednesday, June 26 with “Outperform” rating. The rating was maintained by Raymond James on Thursday, June 20 with “Outperform”. The firm earned “Equal-Weight” rating on Wednesday, March 20 by Morgan Stanley. The rating was maintained by Cowen & Co on Wednesday, March 20 with “Buy”. Morgan Stanley maintained FedEx Corporation (NYSE:FDX) rating on Friday, May 31. Morgan Stanley has “Equal-Weight” rating and $14300 target. Below is a list of FedEx Corporation (NYSE:FDX) latest ratings and price target changes.

10/07/2019 Broker: Goldman Sachs Rating: Buy Initiates Coverage On
26/06/2019 Broker: Credit Suisse Rating: Outperform Old Target: $184.0000 New Target: $175.0000 Maintain
26/06/2019 Broker: Citigroup Rating: Buy Old Target: $192.0000 New Target: $180.0000 Maintain
26/06/2019 Broker: JP Morgan Rating: Neutral Old Target: $184.0000 New Target: $172.0000 Maintain
26/06/2019 Broker: Raymond James Rating: Outperform Old Target: $200.0000 New Target: $190.0000 Maintain
20/06/2019 Broker: Cowen & Co Rating: Buy New Target: $228 Maintain
20/06/2019 Broker: Bernstein Rating: Buy New Target: $205 Maintain
20/06/2019 Broker: Raymond James Rating: Outperform Old Target: $215.0000 New Target: $200.0000 Maintain
12/06/2019 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $215.0000 New Target: $190.0000 Maintain
31/05/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $148.0000 New Target: $143.0000 Maintain

The stock increased 0.34% or $0.59 during the last trading session, reaching $174.1. About 1.18M shares traded. FedEx Corporation (NYSE:FDX) has declined 29.08% since September 13, 2018 and is downtrending. It has underperformed by 29.08% the S&P500.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $45.42 billion. The companyÂ’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international 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. It has a 85.76 P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Finance.Yahoo.com which released: “Michael Burry Buys 4 Stocks in Addition to GameStop – Yahoo Finance” on August 23, 2019, also Finance.Yahoo.com with their article: “FedEx (FDX) Gains But Lags Market: What You Should Know – Yahoo Finance” published on August 26, 2019, Finance.Yahoo.com published: “INVESTOR ALERT – FedEx Corporation (FDX) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action and Lead Plaintiff Deadline: August 26, 2019 – Yahoo Finance” on August 21, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Finance.Yahoo.com and their article: “UPS Is Waiving Delivery Surcharges for the Holidays – Yahoo Finance” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “The 1 Key Number You Should Focus On at UPS – Yahoo Finance” with publication date: August 16, 2019.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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