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Fedex Corporation (NYSE:FDX) target price lowered to $233.00, reported today by UBS Securities

Yesterday Fedex Corporation (NYSE:FDX) traded -0.26% lower at $214.48. The company’s 50-day moving average is $209.53 and its 200-day moving average is $201.81. The last stock close price is up 6.02% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 704,467 shares of the stock were exchanged, down from an average trading volume of 1,306,740

Fedex Corporation (NYSE:FDX) had its price target bumped down to $233.00 by UBS Securities in an issued report announced Friday September 15, 2017. The bumped down target suggests a potential upside of 0.09% based on the company's last stock close price.

Previously on 7/04/2017, Sanford C. Bernstein reported about Fedex Corporation (NYSE:FDX) raised the target price from $0.00 to $220.00. At the time, this indicated a possible upside of 0.01%.

See Chart Below

Fedex Corporation (NYSE:FDX)

Fedex Corporation has a PE ratio of 19.33 with a one year low of $158.20 and a one year high of $219.99 Fedex Corporation’s market capitalization is presently $0.

In addition to UBS Securities reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is $181.57 with 9 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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