FedEx (NYSE:FDX) Rating Upgrade
In a research report revealed to investors on 30 March, Susquehanna upgraded shares of Fedex (NYSE:FDX) to Positive rating from Neutral rating.
According to data compiled by Thomson Reuters, FedEx (NYSE:FDX)’s stock is covered by 22 equity analysts across the Street, with 0 analysts giving it a Sell rating, 16 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $181.57, which reflects an downside potential of 5.75% over the current price.
Greenhaven Associates Inc had the most significant stake with ownership of 4.51 million shares as of Q2 2015 for 15.02% of the US equity exposure. 12Th Street Asset Management Company Llc is another very bullish investment manager who is having 169,065 shares of FedEx or 11.2% of their US equity exposure. Moreover, Southeastern Asset Management Inc Tn have 11.06% of their US equity exposure invested in the company for 6.61 million shares. The Pennsylvania-based fund Matthew 25 Management Corp revealed it had purchased a stake worth about 9.16% of the investment manager’s stock portfolio in FedEx. The Georgia-based fund Covey Capital Advisors Llc is also positive about the stock, possessing 175,000 shares or 8.76% of their US equity exposure.
FedEx (NYSE:FDX) Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.
FedEx (NYSE:FDX) traded up 0.90% on 30 March, hitting $192.64. A total of 256,513 shares of the company’s stock traded hands. This is down from average of 1.88M shares. FedEx has a 52 week low of $145.00 and a 52 week high of $201.57. The company has a market cap of $51.79B and a P/E ratio of 27.29.
Get the latest FedEx (NYSE:FDX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Equity Analysts at Susquehanna Upgraded FedEx (NYSE:FDX) from Neutral to Positive Rating appeared first on Octafinance.