You should consider shares of FedEx Corporation (NYSE:FDX) and Citizens Financial Group Inc. (NYSE:CFG) if you are looking for a great stocks to invest in. Starting with the FDX shares, which traded at $151.14 at the close of the recent session, dropping -4.36%. On Tuesday, the company’s shares shed -$6.89 from its value which represented in intraday trading. The stock is now -34.00% lower in year-to-date (YTD) trading. FDX’s intraday high was $154.47 while its lowest price touched $151.02. The stock’s 52-week high price is $234.49, which means the current price is at -35.55%. In terms of trading activity, the daily trading volume rose to 3761688 against 200-day average trading volume of 2,284,920 shares.
What are analyst forecasts for FedEx Corporation (NYSE:FDX)?
At a consensus rating of 3.47, FDX is trending as a streaking Moderate Buy, as it has been the case a month ago when 20 analysts called it a Moderate Buy. Two months ago, 18 analysts recommended, on average, that FDX stock is a Moderate Buy. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $154.22 on the day.
Forecasts for FedEx Corporation (NYSE:FDX) give the stock a fair value for the growth of 9.5% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $167.00, which means the price per share could rise by nearly $15.86. The price range target is between a low of $120.00 and a high of $200.00. The stock would need to gain by about $24.43 to hit the estimated high or 0.91% from its 12-month low.
The consensus among 28 analysts is that it is a good time for one to Overweight in the FedEx Corporation. 12 analysts rate FDX as a Buy, with 1 of 28 analysts rate it as a Sell. 2 have valued the stock as Overweight and 13 have recommended that investors Hold.
FedEx Corporation (NYSE:FDX) Upgrades and Downgrades
In terms of rating changes, Wells Fargo on October 29, 2019, Initiated FedEx Corporation (FDX) at Outperform. They believe the stock could reach $189 in the near term. Analysts at Wells Fargo have assigned a Outperform rating for the stock in their research note on October 29, 2019 with an estimated price target of $12. Moreover, Bernstein analysts issued a rating of Mkt Perform for the stock on October 09, 2019, giving it a price target of $153 for the next 12 months. On September 19, 2019, the stock earned a Buy rating due to an analyst call from Standpoint Research, while analysts from Cowen on September 18, 2019 suggested that the stock is Outperform.
Citizens Financial Group Inc. (NYSE:CFG) adds -$0.55 on Tuesday
The CFG stock has risen 27.01% year-to-date and is currently trading at $37.76, which is -2.98% below its 52-week high. The company shares lost -1.44% on the day and have risen nearly 36.71% off a low hit. At current levels, Citizens Financial Group Inc. has a valuation of about $6.23B. As of 12/03/19, this stock has fallen -2.53% during the week and closed at $38.31 in the previous session. However, recent Citizens Financial Group Inc. stock performance shows that CFG shares are 4.74% up over the last month, and 13.56% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.94, with the trailing 12-month share earnings at $3.73. The ratio is expected to be up by 7.70% for the current year 2019 and 2.40% for next year. Over the next 5-year period, earnings per share will be 5.86%. But will the CFG stock surprise in the current quarter results, where the $0.97 actual EPS reported on 9/29/2019 surprised by 1.00% or was higher by $0.01 from the estimated $0.96.
Sales Growth to climb 1.10% for the year
How well will Citizens Financial Group Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.61B and $1.64B in current quarter sales. The consensus estimated for the current quarter is $1.62B from sales. Forecasts for this fiscal year are between $6.45B and $6.51B and the consensus estimate for sales is at $6.48B. CFG has its next quarter sales estimates at between $1.57B and $1.62B, with the quarter-over-quarter growth estimates at 0.70% and the annual growth forecast for the year at 1.10%.
Who owns shares in Citizens Financial Group Inc. (CFG)?
Let’s briefly focus on the share ownership of the Citizens Financial Group Inc. (NYSE:CFG) stock, where we find that 100.71% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 52.35 million shares or 12.04% of shares outstanding. Blackrock Inc. and State Street Corporation held 41.7 million and 22.14 million representing 9.59% and 5.09% respectively at the close of the last trading session. As of Sep 29, 2019, Invesco Ltd. accounted for 19.9 million shares at over 703.82 million. This represented 4.58% of shares outstanding. Franklin Resources, Inc held 15.48 million shares at over 547.69 million representing 3.56% of shares outstanding.
CFG Insider Activity
On 3/01/2019, Chairman & Chief Executive Officer by the name Van Saun Bruce Winfield sold 82417.0 shares worth $3.0 million at the price of $36.94 per share. Filings also show that Van Saun Bruce Winfield sold a total of 76893.0 shares on 5/03/2019 valued at $2.8 million. Since the last insider activity, the company’s share price has climbed 2.61%.