FedEx Rating Reiterated by TheStreet (FDX)
FedEx (NYSE: FDX)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Tuesday.
The analysts wrote, “FedEx Corporation (FDX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”
Shares of FedEx traded down 0.74% during mid-day trading on Tuesday, hitting $106.62. FedEx has a one year low of $83.80 and a one year high of $109.66. The stock’s 50-day moving average is currently $104.8. The company has a market cap of $33.528 billion and a P/E ratio of 17.24.
FedEx last released its earnings data on Wednesday, December 19th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.41 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter last year, the company posted $1.57 earnings per share. FedEx’s revenue was up 4.9% compared to the same quarter last year. FedEx has set its Q3 guidance at $1.25-1.45 EPS and its FY13 guidance at $6.20-6.60 EPS. On average, analysts predict that FedEx will post $6.35 earnings per share for the current fiscal year.
FDX has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of FedEx in a research note to investors on Thursday, March 7th. They now have a $95.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of FedEx in a research note to investors on Wednesday, March 6th. They set an “outperform” rating and a $124.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of FedEx in a research note to investors on Tuesday, March 5th. They set an “outperform” rating and a $124.00 price target on the stock.
Eighteen equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and ten have assigned a hold rating to the stock. The stock currently has an average rating of “overweight” and an average price target of $112.17.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 7th.
Operates a small package specialty air freight service in the U.S. offering door-to-door overnight delivery by operating its own integrated air-ground transportation system.
To view TheStreet’s full report, visit www.thestreetratings.com
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.
