FedEx Stock Rating Reaffirmed by TheStreet (FDX)
FedEx (NYSE: FDX)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of FedEx from $95.00 to $100.00 in a research note to investors on Thursday, March 21st. They now have a “sector perform” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of FedEx from $104.00 to $119.00 in a research note to investors on Thursday, March 21st. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of FedEx in a research note to investors on Thursday, March 21st.
Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FedEx presently has an average rating of “Buy” and a consensus target price of $110.76.
FedEx (NYSE: FDX) traded up 0.75% on Tuesday, hitting $97.75. FedEx has a 1-year low of $83.80 and a 1-year high of $109.66. The stock’s 50-day moving average is currently $105.3. The company has a market cap of $30.987 billion and a price-to-earnings ratio of 16.99.
FedEx (NYSE: FDX) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.39 by $0.16. The company had revenue of $11.00 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter last year, the company posted $1.55 earnings per share. FedEx’s revenue was up 4.2% compared to the same quarter last year. FedEx has set its Q4 guidance at $1.90-2.10 EPS and its FY13 guidance at $6.00-6.20 EPS. Analysts expect that FedEx will post $6.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders 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 0.58%. 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.
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