Published: Sat, January 13, 2018
Finance | By Loren Pratt

FedEx (FDX) Lowered to "Hold" at Zacks Investment Research


Stamps.com Inc. (STMP) has risen 54.88% since January 9, 2017 and is uptrending. It has outperformed by 10.11% the S&P500.

Glenmede Trust Company Na increased its stake in Fedex Corp Com (FDX) by 2.45% based on its latest 2017Q3 regulatory filing with the SEC. Highfields Capital Management Lp bought 758,400 shares as the company's stock declined 2.24% while stock markets rallied. The company??s FedEx Express segment provides various shipping services for the delivery of packages and freight; global 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. 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. The stock decreased 0.85% or $0.06 during the last trading session, reaching $6.97. 734,928 shares of the stock were exchanged, compared to its average volume of 1,950,000. Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) has risen 8.33% since January 10, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment increased to 1.07 in Q3 2017. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. During the same quarter in the previous year, the company posted $2.80 EPS. sell-side analysts anticipate that FedEx will post 13.03 earnings per share for the current fiscal year. Verition Fund Mngmt Limited Liability Company reported 23,622 shares. Rodgers Brothers holds 1,500 shares. Cardinal Mngmt Ltd Ct invested in 3.05% or 2.51 million shares. Sumitomo Mitsui Asset Mgmt Communications invested 0.07% in FedEx Corporation (NYSE:FDX). (NASDAQ:SLGN). Hutchin Hill Ltd Partnership holds 0.12% or 104,000 shares. Gould Asset Management Llc Ca reported 9,820 shares. Susquehanna International Gru Llp invested in 0% or 70,498 shares. 14,417 were accumulated by Gotham Asset Ltd Limited Liability Company. Following the transaction, the chief operating officer now owns 48,562 shares in the company, valued at approximately $12,407,105.38. Laurion Capital Management Ltd Partnership reported 220,204 shares or 0.02% of all its holdings. Baillie Gifford holds 0.45% or 14.04M shares.

Silgan Holdings Incorporated (NASDAQ:SLGN) had a decrease of 8.31% in short interest.

Among 18 analysts covering ONEOK (NYSE:OKE), 5 have Buy rating, 0 Sell and 13 Hold. Therefore 17% are positive. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained it with "Hold" rating and $3.5 target in Monday, September 18 report.

The company has YTD performance of 3.97 percent. The firm earned "Market Perform" rating on Thursday, March 10 by Cowen & Co. The stock has "Buy" rating by Citigroup on Thursday, May 19. UBS Group upgraded shares of FedEx from a "neutral" rating to a "buy" rating and boosted their target price for the company from $264.00 to $302.00 in a research note on Friday, January 5th. The rating was maintained by Citigroup with "Neutral" on Tuesday, July 19. The firm has "Buy" rating by Topeka Capital Markets given on Friday, May 6. The company was maintained on Thursday, March 17 by Stifel Nicolaus. Jefferies reinitiated the shares of IMMU in report on Thursday, October 6 with "Buy" rating. Therefore 65% are positive. Sanford C. Bernstein set a $236.00 price objective on FedEx and gave the stock a hold rating in a research report on Wednesday, December 20th. (NASDAQ:AMRS) has "Hold" rating given on Friday, October 20 by Cowen & Co. Zacks Investment Research upgraded FedEx from a "hold" rating to a "buy" rating and set a $297.00 price target on the stock in a research report on Friday, January 5th.


FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The company was maintained on Thursday, November 30 by Barclays Capital. Douglass Winthrop Advsrs Ltd Llc accumulated 15,576 shares. Piper Jaffray maintained the shares of OCLR in report on Wednesday, August 2 with "Buy" rating. The firm has "Overweight" rating by JP Morgan given on Monday, May 15. The rating was maintained by KeyBanc Capital Markets with "Hold" on Thursday, August 24. Also, VP John L. Merino sold 10,280 shares of the firm's stock in a transaction on Tuesday, November 8th.

Since September 21, 2017, it had 0 insider purchases, and 6 insider sales for $22.31 million activity. Shares for $11.89 million were sold by BRONCZEK DAVID J. The shares were sold at an average price of $191.22, for a total value of $6,612,387.60. Shares for $3.38M were sold by DUCKER MICHAEL L. Shares for $2.20M were sold by Colleran Donald F on Thursday, September 21. High Falls Advisors Inc increased its position in shares of FedEx by 2.1% in the second quarter. It also reduced its holding in Extra Space Storage Inc (NYSE:EXR) by 130,421 shares in the quarter, leaving it with 221,537 shares, and cut its stake in Great Plains Energy Inc (NYSE:GXP). It is down 0.00% since January 5, 2017 and is. Its down 0.01, from 0.92 in 2017Q2. Finally, Carroll Financial Associates Inc. increased its holdings in shares of FedEx by 61.1% during the third quarter.

Other hedge funds have also made changes to their positions in the company. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported. They expect $-0.25 EPS, up 43.18% or $0.19 from last year's $-0.44 per share. Violich Cap Management invested in 0.08% or 1,308 shares.

FedEx (FDX) traded down $0.79 during trading on Monday, hitting $266.96. 3,016 shares were sold by STEINER DAVID P, worth $802,405. Suntrust Banks invested in 59,466 shares. (NASDAQ:IMMU). Principal Gp owns 0% invested in Immunomedics, Inc.

From another technical standpoint, FedEx Corporation (NYSE:FDX)'s 14-day Relative Strength Index (RSI) has reached 80.35, putting it inside an overbought zone. Benchmark Cap reported 0.2% stake. Freestone Hldg Ltd Liability Corporation invested 0.37% of its portfolio in TC PipeLines, LP (NYSE:TCP). Tokio Marine Asset Mngmt holds 2,156 shares or 0.07% of its portfolio. Lee Danner And Bass Incorporated holds 53,850 shares. First Trust Advisors LP accumulated 178,743 shares. Willingdon Wealth Management has 0.03% invested in FedEx Corporation (NYSE:FDX).

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