Market Overview

Deutsche Bank Raises Estimates on FedEx

Share:

Deutsche Bank is out with its report on FecEx (NYSE: FDX) in which it raises estimates on FDX.

In its report, Deutsche Bank writes, "We are maintaining our FY2011 EPS estimate of $5.17 and raising our FY2012 EPS estimate to $6.32, up from $6.15. We have improved our FH2 EPS estimates offsetting the FQ2 earnings miss on better margins. We have raised our PT to $120 based on 20x our raised CY2011 EPS estimate of $6.00/share. This compares to a trailing 5-year average P/E multiple of 16.7x. Risks include worsethan-expected IP volumes, volatile fuel costs, and FedEx Freight restructuring."

FDX closed yesterday at $94.22.

 

Related Articles (FDX)

View Comments and Join the Discussion!

Posted-In: Deutsche Bank fedexAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
JBLUVertical GroupDowngrades
UBSBerenbergUpgrades
XECMorgan StanleyMaintains54.0
WWMorgan StanleyMaintains34.0
VOYAMorgan StanleyMaintains70.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com