Raymond James Upgrades FedEx Corporation to Outperform

Brokerage firm Raymond James Upgrades its rating on FedEx Corporation(FDX). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Feb 6, 2017.

In a different note, Aegis Capital said it Initiates Coverage On FedEx Corporation, according to a research note issued on Dec 23, 2016. In the research note, the firm Announces the price-target to $215 per share. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage On FedEx Corporation, according to a research note issued on Dec 13, 2016. In the research note, the firm Announces the price-target to $233 per share. The shares have been rated ‘Overweight’ by the firm.

FedEx Corporation (FDX) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.10% at a volume of 11,58,524. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $188.67. The peak price level was also seen at $188.67 while the days lowest was $187.19. Finally the shares closed at $188.02. The 52-week high of the shares is $201.57 while the 52-week low is $122.78. According to the latest information available, the market cap of the company is $50,109 M.

FedEx Corporation(FDX) last announced its earnings results on Dec 20, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $14.931B. Analysts had an estimated revenue of $14.920B. Earnings per share were $2.8. Analysts had estimated an EPS of $2.9.

Several Insider Transactions has been reported to the SEC. On Jan 26, 2017, Robert B Carter (EVP Chief Info Officer) sold 34,580 shares at $191.22 per share price.Also, On Dec 23, 2016, David J Bronczek (President/CEO/FedEx Express) sold 36,529 shares at $192.04 per share price.On Nov 9, 2016, John L Merino (CVP PRIN ACCT OFFICER) sold 10,280 shares at $181.72 per share price, according to the Form-4 filing with the securities and exchange commission.

FedEx Corporation (FedEx) provides a portfolio of transportation e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express FedEx Ground FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedEx’s other companies with sales marketing information technology communications customer service and certain other back-office support. The Company’s subsidiaries include Federal Express Corporation FedEx Trade Networks Inc. FedEx Ground Package System Inc. FedEx SmartPost Inc. FedEx Corporate Services Inc. and GENCO Distribution System Inc. among others.

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