USA Technologies (USAT) Stock Rating Reconfirmed by Lake Street; The $17.0000 Target Indicates 25.00% Potential; FedEx (FDX) Had 26 Bulls

June 16, 2018 - By Hazel Jackson

USA Technologies, Inc. (NASDAQ:USAT) Logo

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 119 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of FedEx Corporation (NYSE:FDX) earned “Hold” rating by TheStreet on Thursday, September 3. The stock of FedEx Corporation (NYSE:FDX) has “Neutral” rating given on Thursday, September 17 by Buckingham Research. The rating was maintained by Robert W. Baird with “Buy” on Sunday, February 11. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) rating on Tuesday, December 19. BMO Capital Markets has “Buy” rating and $270.0 target. The firm has “Buy” rating given on Wednesday, September 2 by Deutsche Bank. Robert W. Baird maintained the shares of FDX in report on Wednesday, June 21 with “Buy” rating. The rating was upgraded by Bernstein to “Outperform” on Friday, February 23. The rating was maintained by Goldman Sachs on Thursday, September 17 with “Conviction-Buy”. The stock has “Neutral” rating by Nomura on Thursday, March 17. The rating was maintained by Cowen & Co with “Outperform” on Thursday, September 17. See FedEx Corporation (NYSE:FDX) latest ratings:

07/06/2018 Broker: Citigroup Rating: Buy Maintain
04/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $240 New Target: $248 Maintain
16/05/2018 Broker: Oppenheimer Rating: Buy New Target: $282.0000 Maintain
21/03/2018 Broker: Susquehanna Rating: Buy New Target: $293.0 Maintain
21/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $250 New Target: $240 Maintain
21/03/2018 Broker: Credit Suisse Rating: Buy New Target: $306.0 Maintain
21/03/2018 Broker: Stephens Rating: Buy New Target: $306.0 Maintain
21/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $275 New Target: $290 Maintain
21/03/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $186 Upgrade
16/03/2018 Broker: Oppenheimer Rating: Buy New Target: $274.0 Maintain

Lake Street currently has a $17.0000 price target on the $816.01M market cap company or 25.00% upside potential. In a report issued to investors and clients on Wednesday morning, USA Technologies (NASDAQ:USAT) stock had its Buy Rating reaffirmed by analysts at Lake Street.

Analysts await USA Technologies, Inc. (NASDAQ:USAT) to report earnings on August, 28. They expect $0.02 earnings per share, up 100.00% or $0.01 from last year’s $0.01 per share. USAT’s profit will be $1.20M for 170.00 P/E if the $0.02 EPS becomes a reality. After $0.04 actual earnings per share reported by USA Technologies, Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Investors sentiment increased to 1.44 in 2018 Q1. Its up 0.28, from 1.16 in 2017Q4. It increased, as 13 investors sold USA Technologies, Inc. shares while 23 reduced holdings. 16 funds opened positions while 36 raised stakes. 32.20 million shares or 17.02% more from 27.52 million shares in 2017Q4 were reported. Renaissance Technologies Lc invested in 0% or 239,700 shares. Shannon River Fund Mgmt Lc has 0.6% invested in USA Technologies, Inc. (NASDAQ:USAT) for 265,040 shares. Timpani Management Limited Liability Co has 469,922 shares. Geode Mgmt Limited Co owns 0% invested in USA Technologies, Inc. (NASDAQ:USAT) for 413,358 shares. Monarch Prns Asset Mngmt Limited Liability Co stated it has 0.07% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). California State Teachers Retirement reported 0% stake. Parametric Port Assocs Ltd Llc reported 0% in USA Technologies, Inc. (NASDAQ:USAT). White Pine Ltd Liability owns 44,115 shares for 0.15% of their portfolio. Aqr Mgmt Ltd Liability Corp accumulated 0% or 13,595 shares. Ameriprise reported 125,829 shares or 0% of all its holdings. Eam Ltd holds 0.79% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 524,142 shares. Invesco holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 155,228 shares. Vanguard Group Inc Inc stated it has 2.19M shares. Barclays Public Limited Com, United Kingdom-based fund reported 10,059 shares. Avalon Advisors Limited Liability Company has 251,473 shares for 0.07% of their portfolio.

The stock decreased 1.09% or $0.15 during the last trading session, reaching $13.6. About 496,038 shares traded. USA Technologies, Inc. (NASDAQ:USAT) has risen 181.25% since June 16, 2017 and is uptrending. It has outperformed by 168.68% the S&P500. Some Historical USAT News: 08/05/2018 – USA Technologies Sees FY Rev $138M-$142M; 21/04/2018 – DJ USA Technologies Inc, Inst Holders, 1Q 2018 (USAT); 22/03/2018 – USA Technologies Showcasing Integrated Enterprise Software and Digital Payments Platform at the NAMA Show 2018; 26/04/2018 – Ingenico Group and USA Technologies Announce a Three Yr Strategic Alliance Agreement; 26/04/2018 – Ingenico Group and USA Technologies Announce a Three Year Strategic Alliance Agreement; 08/05/2018 – USA TECHNOLOGIES INC USAT.O SEES FY 2018 REVENUE $138 MLN TO $142 MLN; 25/05/2018 – USA Technologies, Inc. Announces Closing of Public Offering Generating Gross Proceeds of $75.7 Million; 08/05/2018 – USA Technologies 3Q EPS 2c; 23/05/2018 – USA Technologies, Inc. Announces Pricing of Public Offering; 02/04/2018 – USA Technologies Closes Below 50-Day Moving Average: Technicals

More recent USA Technologies, Inc. (NASDAQ:USAT) news were published by: Nasdaq.com which released: “KBW Announces Index Rebalancing for Second-Quarter 2018” on June 09, 2018. Also Fool.com published the news titled: “Why USA Technologies Shares Jumped” on May 23, 2018. Vendingmarketwatch.com‘s news article titled: “Global Developments Are Leading To A Greater Reliance On Mobile Transactions” with publication date: June 13, 2018 was also an interesting one.

Among 5 analysts covering USA Tech (NASDAQ:USAT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. USA Tech has $1700 highest and $4 lowest target. $11.08’s average target is -18.53% below currents $13.6 stock price. USA Tech had 10 analyst reports since September 14, 2015 according to SRatingsIntel. Northland Capital maintained the stock with “Buy” rating in Tuesday, September 5 report. Northland Capital maintained USA Technologies, Inc. (NASDAQ:USAT) on Friday, October 6 with “Buy” rating. Northland Capital maintained USA Technologies, Inc. (NASDAQ:USAT) rating on Monday, November 16. Northland Capital has “Outperform” rating and $4.50 target. The stock of USA Technologies, Inc. (NASDAQ:USAT) has “Buy” rating given on Wednesday, June 13 by Lake Street. Barrington Research upgraded the stock to “Outperform” rating in Monday, September 14 report. As per Monday, December 18, the company rating was maintained by Northland Capital. Barrington maintained USA Technologies, Inc. (NASDAQ:USAT) on Tuesday, April 3 with “Buy” rating.

USA Technologies, Inc. provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. The company has market cap of $816.01 million. It creates and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine services. It currently has negative earnings. The company's ePort Connect solution offers various POS options, card processing, wireless connectivity, customer/consumer, online sales reporting, M2M telemetry and DEX data transfer, over-the-air update capabilities, deployment planning, and value-added services, as well as planning, project management, installation support, marketing, and performance evaluation services.

The stock increased 0.41% or $1.08 during the last trading session, reaching $264.56. About 1.36 million shares traded. FedEx Corporation (NYSE:FDX) has risen 29.10% since June 16, 2017 and is uptrending. It has outperformed by 16.53% the S&P500. Some Historical FDX News: ; 20/03/2018 – ‘Race against time’ to find bomber as fifth device blows up in Texas; 20/03/2018 – Fifth device explodes in Texas; White House sees no link to terrorism; 20/03/2018 – Fifth package bomb goes off in Texas, injures one at FedEx site; 20/03/2018 – CKNW: BREAKING: A package containing nails and shrapnel exploded at a FedEx centre in Texas early Tuesday morning, injuri…; 01/05/2018 – FedEx Rolls Out First Hydrogen-Fueled Delivery Van in New York; 16/03/2018 – Cramer offers his foresight on upcoming earnings reports from Oracle, Children’s Place, FedEx and more; 20/03/2018 – FedEx: Expanding After Pilot Program in 47 Walmart Locations in Six States; 12/03/2018 – FEDEX – APPOINTED SUSAN PATRICIA GRIFFITH AS MEMBER OF INFORMATION TECHNOLOGY OVERSIGHT AND NOMINATING & GOVERNANCE COMMITTEES; 19/03/2018 – FedEx Returns Technology Offers End-To-End Returns Management to E-tailers; 16/05/2018 – Express Delivery Market in Brazil to Reach $7.68 Billion by 2022 – Key Players are Correios, DHL Group, FedEx, Nippon Express, and UPS – ResearchAndMarkets.com

Investors sentiment decreased to 1 in Q1 2018. Its down 0.21, from 1.21 in 2017Q4. It is negative, as 58 investors sold FedEx Corporation shares while 414 reduced holdings. 113 funds opened positions while 359 raised stakes. 192.41 million shares or 0.69% less from 193.75 million shares in 2017Q4 were reported. D Scott Neal, Kentucky-based fund reported 16 shares. Goldman Sachs Grp invested 0.17% of its portfolio in FedEx Corporation (NYSE:FDX). Private Wealth Partners holds 2,575 shares or 0.11% of its portfolio. Aqr Cap Mgmt owns 702,898 shares for 0.18% of their portfolio. Montecito Bancorp And Tru invested in 0.39% or 5,020 shares. Arcadia Invest Mngmt Corporation Mi stated it has 0.01% of its portfolio in FedEx Corporation (NYSE:FDX). Arete Wealth Advsr Ltd Llc invested in 0.09% or 1,086 shares. Live Your Vision Ltd Liability owns 25 shares or 0% of their US portfolio. Mitsubishi Ufj Banking Corp has 0.22% invested in FedEx Corporation (NYSE:FDX). Checchi Cap Advisers Ltd Company has 3,122 shares for 0.1% of their portfolio. Engines Advsr Lc holds 0.14% of its portfolio in FedEx Corporation (NYSE:FDX) for 20,259 shares. Moreover, Cibc Ww Corp has 0.08% invested in FedEx Corporation (NYSE:FDX) for 31,949 shares. Balasa Dinverno And Foltz Ltd Llc accumulated 0.07% or 2,002 shares. Mcmillion Capital Mgmt accumulated 23,179 shares. 29,000 were reported by Olstein Management L P.

Since January 2, 2018, it had 1 insider purchase, and 4 insider sales for $45.54 million activity. Shares for $19,837 were bought by SCHWAB SUSAN C. The insider WALSH PAUL S sold 4,400 shares worth $1.12 million. Shares for $802,405 were sold by STEINER DAVID P. The insider SMITH FREDERICK W sold $31.74 million. Shares for $11.89 million were sold by BRONCZEK DAVID J on Tuesday, January 2.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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