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

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.11 in Q2 2018. Its up 0.11, from 1 in 2018Q1. It is positive, as 45 investors sold FedEx Corporation shares while 394 reduced holdings. 104 funds opened positions while 385 raised stakes. 186.50 million shares or 3.07% less from 192.41 million shares in 2018Q1 were reported.
Highland Management Ltd Liability Company holds 0.94% or 54,248 shares. Inv Advsr Lc has 884 shares. Lombard Odier Asset (Switzerland) holds 0.03% or 1,096 shares in its portfolio. Indexiq Limited Liability holds 0.19% of its portfolio in FedEx Corporation (NYSE:FDX) for 27,701 shares. Bill Melinda Gates Foundation invested 3.11% in FedEx Corporation (NYSE:FDX). Cibc Ww holds 0.06% of its portfolio in FedEx Corporation (NYSE:FDX) for 58,015 shares. Csat Advisory Limited Partnership holds 433 shares or 0.05% of its portfolio. Hilton Capital Mgmt Ltd holds 10 shares. First In holds 0.16% of its portfolio in FedEx Corporation (NYSE:FDX) for 1,023 shares. Cannell Peter B And holds 149,411 shares. State Street Corporation accumulated 9.66 million shares. United Kingdom-based Royal Savings Bank Of Scotland Grp Inc Public Ltd Liability has invested 1.11% in FedEx Corporation (NYSE:FDX). Dorsey & Whitney Trust Limited Liability Company holds 0.22% of its portfolio in FedEx Corporation (NYSE:FDX) for 5,522 shares. Parnassus Ca holds 0.08% in FedEx Corporation (NYSE:FDX) or 85,000 shares. Allsquare Wealth Ltd Liability Corp owns 369 shares or 0.06% of their US portfolio.

Since September 19, 2018, it had 1 buy, and 1 insider sale for $55,968 activity. $281,124 worth of stock was sold by EDWARDSON JOHN A on Wednesday, September 19.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 7 analysts covering FedEx (NYSE:FDX), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. FedEx had 9 analyst reports since June 20, 2018 according to SRatingsIntel. The company was maintained on Wednesday, June 20 by Morgan Stanley. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, September 18. Credit Suisse maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, June 20. Credit Suisse has “Outperform” rating and $315 target. The firm has “Buy” rating given on Wednesday, June 20 by Oppenheimer. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, September 18. As per Tuesday, September 18, the company rating was maintained by Bank of America. The company was maintained on Tuesday, September 18 by Morgan Stanley. Citigroup maintained the shares of FDX in report on Friday, November 2 with “Buy” rating. Below is a list of FedEx Corporation (NYSE:FDX) latest ratings and price target changes.

02/11/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $304 New Target: $275 Maintain
21/09/2018 Broker: Berenberg Rating: Buy New Target: $300 Initiates Coverage On
18/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $310 New Target: $304 Maintain
18/09/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $315 New Target: $307 Maintain
18/09/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $265 New Target: $270 Maintain
18/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $245 New Target: $242 Maintain
20/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $248 New Target: $245 Maintain
20/06/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $306 New Target: $315 Maintain
20/06/2018 Broker: Oppenheimer Rating: Buy New Target: $288.0000 Maintain

The stock decreased 0.21% or $0.46 during the last trading session, reaching $215.06. About 2.25 million shares traded or 30.60% up from the average. FedEx Corporation (NYSE:FDX) has risen 17.37% since December 7, 2017 and is uptrending. It has outperformed by 1.75% the S&P500.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $56.67 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 12.14 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: Businesswire.com which released: “FedEx Helps Deliver Holiday Joy with Mobile Gifting Truck – Business Wire” on December 03, 2018, also Bizjournals.com with their article: “UPS upgrades navigation tool for drivers to optimize routes – Atlanta Business Chronicle” published on December 04, 2018, Benzinga.com published: “FedEx Corporation (NYSE:FDX) – AGL CEO: Visibility Next Year’s Goal, Adaptability And Automation 3-Year Outlook – Benzinga” on November 26, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Schaeffersresearch.com and their article: “2 Stocks Sinking on FAANG Fears – Schaeffers Research” published on December 04, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon, Stamps.com drop on suggested USPS hike – Seeking Alpha” with publication date: December 04, 2018.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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