FedEx Corporation (NYSE:FDX) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 24, 2016
Zacks Investment Research has upgraded FedEx Corporation (NYSE:FDX) to Hold in a report released on 09/22/2016.
Previously on 9/21/2016, Oppenheimer reported about FedEx Corporation (NYSE:FDX) raised the target price from $180.00 to $184.00. At the time, this indicated a possible upside of 0.07%.
Yesterday FedEx Corporation (NYSE:FDX) traded 0.42% higher at $173.86. The company’s 50-day moving average is $165.36 and its 200-day moving average is $161.49. The last closing price is up 7.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 2,472,536 shares of FDX changing hands over the typical 1,477,650
With a total market value of $0, FedEx Corporation has price-earnings ratio of 26.08 with a one year low of $119.71 and a one year high of $175.38 .
A total of 22 equity analysts have released a ratings update on FDX. Nine equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $181.57.
Brief Synopsis About FedEx Corporation (NYSE:FDX)
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. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.
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