Zacks Investment Research upgraded FedEx Corporation (NYSE:FDX) to Hold in a report released today.
- Updated: September 15, 2016
Zacks Investment Research has upgraded FedEx Corporation(NYSE:FDX) to Hold in a report released on 9/13/2016.
Just yesterday FedEx Corporation (NYSE:FDX) traded 0.39% higher at $163.26. FedEx Corporation’s 50-day average is $164.22 and its 200-day moving average is $160.41. With the last stock close up 0.21% relative to the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same period. 1,403,777 shares of FDX exchanged hands, down from ann avg. volume of 1,434,110.
With a market capitalization of $0.0, FedEx Corporation has a 52 week low of $119.71 and a 52 week high of $169.57 with a price-earnings ratio of 25.
In addition to Zacks Investment Research reporting it’s target price, a total of 22 brokers have reported on FDX. The 12-month target stock price is $181.57 with nine analysts rating the company a strong buy, seven analysts rating the company a buy, 11 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firmsrating the company as sell.
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, and customer service and other back-office support.
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