- 18 Sep '19 at 12:36 am #21931
FedEx Corp reported worse than expected first quarter…
[article]1724[/article]18 Sep '19 at 9:34 pm #21935
Deutsche Bank downgraded FedEx to ‘hold’ from ‘buy’
“This downgrade to Hold – when shares are off over 7% in the aftermarket after very weak fiscal 1Q results – is about as helpful as a warm coat on a hot summer’s day. We get it. But the downgrade reflects two key issues:
(1) very weak fiscal 1Q results and guidance, and
(2) lack of acknowledgement from mgmt. with respect to its own execution failures (i.e. performance ‘negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty’).”09 Oct '19 at 8:03 pm #22105
Bernstein Lowers FedEx from Outperform to Market Perform.
For the first quarter, FedEx had an EPS of $3.05, compared to year-ago quarter EPS of $3.46. The current market cap for FedEx is at $37.9 billion.
The stock has a 52-week-high of $238.60 and a 52-week-low of $138.38.
138.58 USD +0.14 (0.10%)25 Oct '19 at 8:09 pm #22297
FedEx Corp. (NYSE: FDX) was named as the Zacks Bear of the Day stock.
The firm said FedEx stock has tumbled nearly 30% in the last 12 months, and the shipping giant lowered its earnings guidance as well.
Market Summary > FedEx Corporation
157.32 USD +3.21 (2.08%)
Oct 25, 12:08 PM EDT ·
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