FedEx Given Neutral Rating at Zacks (FDX)
FedEx (NYSE:FDX)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Friday. They currently have a $160.00 price target on the stock. Zacks‘s price target would suggest a potential upside of 6.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of FedEx from $162.00 to $169.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of FedEx from $161.00 to $168.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of FedEx from $140.00 to $150.00 in a research note on Friday, June 20th. They now have an “equal weight” rating on the stock. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. FedEx presently has a consensus rating of “Buy” and an average target price of $151.40.
FedEx (NYSE:FDX) traded down 1.08% on Friday, hitting $150.86. The stock had a trading volume of 1,269,623 shares. FedEx has a 52 week low of $102.00 and a 52 week high of $155.31. The stock’s 50-day moving average is $149.0 and its 200-day moving average is $139.5. The company has a market cap of $43.059 billion and a P/E ratio of 22.59.
FedEx (NYSE:FDX) last released its earnings data on Wednesday, June 18th. The company reported $2.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.36 by $0.10. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.66 billion. During the same quarter last year, the company posted $2.13 earnings per share. FedEx’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that FedEx will post $8.81 earnings per share for the current fiscal year.
FedEx Corporation (NYSE:FDX) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.