FedEx Given Consensus Recommendation of “Buy” by Brokerages (NYSE:FDX)
FedEx (NYSE:FDX) has earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, AR Network reports. Nine equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $151.40.
A number of analysts have recently weighed in on FDX shares. Analysts at Zacks reiterated a “neutral” rating on shares of FedEx in a research note on Friday, July 25th. They now have a $160.00 price target on the stock. Separately, 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. Finally, 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.
FedEx (NYSE:FDX) opened at 147.85 on Tuesday. FedEx has a 52 week low of $106.38 and a 52 week high of $155.31. The stock has a 50-day moving average of $150.3 and a 200-day moving average of $140.0. The company has a market cap of $42.200 billion and a P/E ratio of 21.63.
FedEx (NYSE:FDX) last released its earnings data on Wednesday, June 18th. The company reported $2.46 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.13 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. 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.
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