The world’s leading package delivery company, FedEx Corp. (NYSE: FDX) was downgraded by Stifel Nicolaus to a “hold” from a “buy” on Monday. Stifel pointed out that the company still expects headwinds due to slow global economic growth. In all, currently, thirteen equity analysts keep a “hold” rating on the stock; sixteen have assigned a “buy” rating while one has given a “sell rating. On average, the stock has a “buy” rating and price target of $116.00. The Company last reported quarterly results on September 18, Wednesday. Both earnings and revenue topped analysts’ consensus estimate.
Tag: FDX
Major Movers on June 19; ADBE, ALU, TTEK, LZB, FDX
Adobe Systems Inc. (NASDAQ: ADBE) jumped about 6.50% by afternoon trade. Adobe Systems, which develops popular software such as Photoshop and Acrobat reported better-than-expected earnings for the fiscal second quarter and revenue which matched Street’s expectation., late on Tuesday In the recently concluded quarter, Adobe added 221,000 Creative Cloud subscribers and now has a subscribers base of 700,000.
Continue reading Major Movers on June 19; ADBE, ALU, TTEK, LZB, FDX
FedEx Beats Q4 Earnings Estimate but Outlook Cautious (FDX)
World’s largest logistic company, FedEx Corp. (NYSE: FDX) said on Wednesday that its fiscal fourth-quarter income fell 45% as continued weakness in the international package volume, restructuring charges and higher operating expenses, weighed on the bottom line.
Continue reading FedEx Beats Q4 Earnings Estimate but Outlook Cautious (FDX)
Major Movers on March 20; FRAN, FDX, GIS, WSM, ADBE
Shares of Francesca’s Holdings Corp. (NASDAQ: FRAN) rallied on Wednesday after the boutique chain, late last evening, reported better-than-expected fiscal fourth results and provided guidance on the current quarter and full-year which matched Street’s estimates.
Continue reading Major Movers on March 20; FRAN, FDX, GIS, WSM, ADBE
Major Movers on December 19; FDX, HLF, THO, ISRG, GM, NAV
Shares of FedEx Corp. (NYSE: FDX), providing customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services, edged higher in trading today. FDX shares ended the day 0.91% higher at $93.20 on above average volume of 5.32 million. The stock hit an intra-day high of $95.44, and has gained 3.45% in the last three trading sessions.
Continue reading Major Movers on December 19; FDX, HLF, THO, ISRG, GM, NAV
FedEx Aims to Boost Profit (FDX)
Package delivery company, FedEx Corporation (NYSE: FDX)shares gained 5.15% on Wednesday after the company revealed that its ongoing restructuring efforts will shrink costs and bolster profit by $1.7 billion in next three years.
Major Gainers and Losers on October 10; FDX, CVX, YUM, AMZN, WMT, YELP
Shares of FedEx Corp. (NYSE: FDX), a provider of portfolio of transportation, e-commerce and business services under the FedEx brand, rose sharply in trading today. At last check, FDX shares were trading 5.27% higher at $90.09 on above average volume of 8.12 million. The stock hit an intra-day high of $90.93 in trading today.
Continue reading Major Gainers and Losers on October 10; FDX, CVX, YUM, AMZN, WMT, YELP
Major Gainers and Losers on September 18; ENER, ARW, FDX, DITC, DARA, OCZ
The following are the major gainers and losers in trading on September 18.
Continue reading Major Gainers and Losers on September 18; ENER, ARW, FDX, DITC, DARA, OCZ
Major Movers in Early Trading; FedEx Corp. (FDX), Conn’s Inc. (CONN), Dollar General Corp. (DG), Francesca’s Holdings Corp. (FRAN)
Shares of FedEx Corporation (NYSE: FDX), a provider of transportation, e-commerce and business services, are down sharply in early trading today.