157.73% to Target, Canaccord Genuity Keeps “Buy” Rating for Plug Power (PLUG) Stock; Highfields Capital Management LP Has Upped Its Fedex (FDX) Stake

February 5, 2018 - By Peter Erickson

Among 7 analysts covering Plug Power (NASDAQ:PLUG), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Plug Power has $5 highest and $1.3000 lowest target. $3.16’s average target is 62.89% above currents $1.94 stock price. Plug Power had 20 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Plug Power Inc. (NASDAQ:PLUG) has “Hold” rating given on Sunday, August 9 by Roth Capital. On Wednesday, May 17 the stock rating was downgraded by Roth Capital to “Sell”. Zacks upgraded the shares of PLUG in report on Wednesday, August 12 to “Hold” rating. The firm has “Buy” rating by Cowen & Co given on Friday, August 11. Cowen & Co maintained Plug Power Inc. (NASDAQ:PLUG) rating on Monday, October 16. Cowen & Co has “Buy” rating and $3.0 target. The stock has “Neutral” rating by Roth Capital on Monday, March 14. The company was maintained on Wednesday, August 9 by H.C. Wainwright. The stock has “Buy” rating by Rodman & Renshaw on Tuesday, December 6. The firm has “Buy” rating by FBR Capital given on Thursday, December 7. The stock of Plug Power Inc. (NASDAQ:PLUG) earned “Buy” rating by Craig Hallum on Monday, July 24.

Highfields Capital Management Lp increased Fedex Corp (FDX) stake by 25.01% reported in 2017Q3 SEC filing. Highfields Capital Management Lp acquired 758,400 shares as Fedex Corp (FDX)’s stock declined 2.24%. The Highfields Capital Management Lp holds 3.79M shares with $855.26M value, up from 3.03M last quarter. Fedex Corp now has $68.55B valuation. The stock decreased 2.28% or $5.96 during the last trading session, reaching $255.87. About 1.66 million shares traded or 0.07% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 5, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment increased to 1.07 in Q3 2017. Its up 0.06, from 1.01 in 2017Q2. It is positive, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. New Jersey-based Hallmark Mgmt Inc has invested 0.1% in FedEx Corporation (NYSE:FDX). Rodgers Brothers Incorporated owns 1,500 shares. Lord Abbett Co Ltd, New Jersey-based fund reported 239,400 shares. Ftb Advisors Inc has 0.21% invested in FedEx Corporation (NYSE:FDX). Tower Bridge Advsr owns 1.5% invested in FedEx Corporation (NYSE:FDX) for 58,337 shares. Signature Finance Mgmt, a Virginia-based fund reported 1,983 shares. Azimuth Management Llc reported 1,905 shares. Sumitomo Mitsui Holding holds 0.24% of its portfolio in FedEx Corporation (NYSE:FDX) for 758,737 shares. Moreover, National Bank & Trust Hapoalim Bm has 0.05% invested in FedEx Corporation (NYSE:FDX). Investment Centers Of America Incorporated invested in 3,593 shares or 0.06% of the stock. Moreover, Commonwealth Equity Svcs has 0.13% invested in FedEx Corporation (NYSE:FDX) for 99,168 shares. 6,314 were accumulated by Dupont Cap Management Corp. California-based Bancshares Of The West has invested 0.22% in FedEx Corporation (NYSE:FDX). King Luther Capital invested in 0.02% or 9,376 shares. Qci Asset Inc New York has invested 0.02% in FedEx Corporation (NYSE:FDX).

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 106 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Raymond James on Friday, March 24 with “Outperform”. Stifel Nicolaus maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, December 20. Stifel Nicolaus has “Hold” rating and $272.0 target. The stock of FedEx Corporation (NYSE:FDX) has “Outperform” rating given on Monday, February 6 by Raymond James. The stock has “Buy” rating by UBS on Wednesday, June 21. Oppenheimer maintained FedEx Corporation (NYSE:FDX) on Thursday, September 17 with “Outperform” rating. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, November 2 by Deutsche Bank. As per Thursday, March 17, the company rating was maintained by Nomura. The rating was initiated by JP Morgan with “Overweight” on Tuesday, December 13. The rating was maintained by Credit Suisse with “Outperform” on Monday, December 14. The firm has “Mkt Perform” rating given on Monday, December 14 by Raymond James.

Highfields Capital Management Lp decreased Allergan Plc stake by 128,500 shares to 37,500 valued at $7.69 million in 2017Q3. It also reduced Hilton Worldwide Hldgs Inc stake by 707,381 shares and now owns 8.58M shares. Firstenergy Corp (NYSE:FE) was reduced too.

Since September 21, 2017, it had 0 insider buys, and 6 insider sales for $22.31 million activity. Maier Henry J sold $2.55M worth of stock or 11,150 shares. Another trade for 10,000 shares valued at $2.20M was made by Colleran Donald F on Thursday, September 21. The insider DUCKER MICHAEL L sold 14,964 shares worth $3.38M. Subramaniam Rajesh also sold $1.48M worth of FedEx Corporation (NYSE:FDX) on Thursday, September 21. STEINER DAVID P sold 3,016 shares worth $802,405. The insider BRONCZEK DAVID J sold $11.89M.

Investors sentiment decreased to 1.72 in Q3 2017. Its down 1.90, from 3.62 in 2017Q2. It dived, as 10 investors sold Plug Power Inc. shares while 26 reduced holdings. 24 funds opened positions while 38 raised stakes. 54.72 million shares or 48.18% less from 105.60 million shares in 2017Q2 were reported. Focused Wealth Inc invested 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG). Advisory Svcs Networks holds 2,500 shares or 0% of its portfolio. Price T Rowe Associate Md holds 0% or 87,650 shares in its portfolio. Allsquare Wealth Mgmt Lc has 3,300 shares for 0.01% of their portfolio. D E Shaw reported 6.54 million shares. 1.31 million are held by Invesco. Savings Bank Of America De holds 59,375 shares. 17,236 are held by Cambridge Invest Research Advisors. Fifth Third Retail Bank accumulated 200 shares or 0% of the stock. Sigma Planning reported 11,876 shares. Raymond James Associates holds 12,384 shares or 0% of its portfolio. Nj State Employees Deferred Compensation Plan owns 300,000 shares or 0.14% of their US portfolio. Wells Fargo Mn holds 193,651 shares. California State Teachers Retirement System accumulated 0% or 357,419 shares. Natixis holds 0% or 27,935 shares.

Since September 15, 2017, it had 0 insider purchases, and 1 insider sale for $11,662 activity. $11,662 worth of Plug Power Inc. (NASDAQ:PLUG) shares were sold by Air Liquide Investissements d’Avenir et de Demonstration.

The stock increased 1.04% or $0.02 during the last trading session, reaching $1.94. About 3.18 million shares traded. Plug Power Inc. (NASDAQ:PLUG) has risen 11.11% since February 5, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

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By1 Peter Erickson

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