Economy

FedEx Corporation (FDX) Analysts See $3.19 EPS

FedEx Corporation (FDX) Analysts See $3.19 EPS”

Chase Investment Counsel Corp acquired 9,176 shares as Fedex Corp (FDX)'s stock declined 2.24%. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,572 shares of the shipping service provider's stock valued at $892,000 after purchasing an additional 715 shares during the last quarter. The stock was sold at an average price of $215.47, for a total transaction of $1,541,687.85. About shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since September 4, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Among 11 analysts covering Approach Resources (NASDAQ:AREX), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 94% are positive. Cowen and Company reiterated a "buy" rating and issued a $240.00 price objective on shares of FedEx Corporation in a research report on Thursday, August 10th. Hovde Group downgraded it to "Underperform" rating and $28 target in Thursday, September 1 report. RBC Capital Markets maintained the shares of BWP in report on Tuesday, February 7 with "Outperform" rating. Finally, Credit Suisse Group reiterated a "buy" rating and issued a $237.00 price objective on shares of FedEx Corporation in a research report on Monday, August 7th. The rating was downgraded by Goldman Sachs to "Sell" on Thursday, May 19.

Investors sentiment decreased to 1.01 in 2016 Q4. Its down 0.02, from 1.03 in 2016Q3. Janney Capital Management LLC's holdings in FedEx Corporation were worth $15,206,000 at the end of the most recent reporting period. 19 funds opened positions while 47 raised stakes. The institutional investor held 4.18 million shares of the health care company at the end of 2016Q4, valued at $6.73M, up from 3.85M at the end of the previous reported quarter. Badgley Phelps Bell accumulated 56,001 shares or 0.9% of the stock. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider's stock valued at $2,892,768,000 after buying an additional 14,086,601 shares during the period. FDX's SI was 4.52M shares in September as released by FINRA. Finally, Park National Corp OH boosted its holdings in shares of FedEx Corporation by 0.9% during the 2nd quarter. Punch & Associates Investment Management Inc., a Minnesota-based fund reported 21,210 shares. Waddell Reed holds 75,000 shares. Mgmt Professionals holds 0% or 38 shares. Guardian Life Insurance Co. of America boosted its holdings in shares of FedEx Corporation by 1.0% during the 1st quarter. Umb Comml Bank N A Mo invested in 0.15% or 22,585 shares. Citadel Advisors Llc stated it has 0% of its portfolio in CAS Medical Systems Inc (NASDAQ:CASM). Atlanta Cap Gru reported 0.05% of its portfolio in FedEx Corporation (NYSE:FDX). 122,218 were reported by Williams Jones And Llc. Bragg Fincl has invested 0.07% of its portfolio in FedEx Corporation (NYSE:FDX).

Since March 23, 2017, it had 0 buys, and 6 selling transactions for $37.35 million activity. Park National Corp OH now owns 1,178 shares of the shipping service provider's stock valued at $256,000 after buying an additional 10 shares during the last quarter. WALSH PAUL S sold 4,400 shares worth $864,068. Moreover, Mirae Asset Investments has 0.05% invested in FedEx Corporation (NYSE:FDX) for 12,522 shares. 196.16 million shares or 1.84% more from 192.62 million shares in 2016Q3 were reported. Cunningham David L Jr also sold $2.28M worth of FedEx Corporation (NYSE:FDX) on Wednesday, April 5. DOUGLAS J ALEXANDER JR sold $629,700 worth of stock. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.37. They expect $3.19 earnings per share, up 10.00% or $0.29 from last year's $2.9 per share. FDX's profit will be $855.76M for 16.85 P/E if the $3.19 EPS becomes a reality. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Therefore 59% are positive. Cowen and Company restated a buy rating and issued a $240.00 price target on shares of FedEx Corporation in a report on Thursday, August 10th.

FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, June 20th. Brean Capital has "Buy" rating and $98 target. The firm has "Equal Weight" rating by Barclays Capital given on Friday, August 7. FedEx Corporation now has an average rating of "Buy" and an average target price of $221.72. The rating was maintained by Citigroup on Thursday, March 17 with "Buy". The firm has "Buy" rating given on Wednesday, June 21 by UBS. The firm earned "Hold" rating on Thursday, March 17 by Standpoint Research. The stock has "Neutral" rating by Buckingham Research on Thursday, September 17.

Boardwalk Pipeline Partners, LP is a limited partnership company. Whitnell & Co who had been investing in Kayne Anderson Mlp Invt Co for a number of months, seems to be bullish on the $2.05B market cap company. The company's quarterly revenue was up 21.0% on a year-over-year basis. It has a 19.4 P/E ratio. The Firm is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and OH, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Investors sentiment increased to 1.5 in 2016 Q4. Its up 0.15, from 0.79 in 2016Q3. It worsened, as 14 investors sold Boardwalk Pipeline Partners, LP shares while 35 reduced holdings. 102 funds opened positions while 503 raised stakes.

FDX has been the subject of several analyst reports. Balyasny Asset Management Limited Liability reported 542,400 shares. Schwab Charles Inv accumulated 1.01 million shares. 858,028 are owned by Zimmer Ptnrs Lp.

COPYRIGHT VIOLATION WARNING: "Janney Capital Management LLC Lowers Stake in FedEx Corporation (FDX)" was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. It also reduced Cisco Sys Inc (NASDAQ:CSCO) stake by 105,433 shares and now owns 90,000 shares. Lba Wealth Mngmt Limited Liability Co reported 3,580 shares. D Scott Neal holds 0.1% of its portfolio in The Coca-Cola Co (NYSE:KO) for 3,410 shares. Guggenheim reported 12,517 shares. Massachusetts Financial Services Ma holds 404,106 shares. (NYSE:KYN). Cambridge Invest Rech Advsr reported 0.03% in Kayne Anderson MLP Investment Co. The Colorado-based Rocky Mountain Advisers Llc has invested 0.3% in the stock.

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