Across the recent three months, 7 analysts have shared their insights on FedEx FDX, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $288.57, a high estimate of $320.00, and a low estimate of $195.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.95%.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of FedEx by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ravi Shanker | Morgan Stanley | Lowers | Equal-Weight | $195.00 | $205.00 |
| J. Bruce Chan | Stifel | Raises | Buy | $305.00 | $282.00 |
| Conor Cunningham | Melius Research | Announces | Buy | $310.00 | - |
| Jack Atkins | Stephens & Co. | Lowers | Overweight | $320.00 | $330.00 |
| Patrick Tyler Brown | Raymond James | Lowers | Outperform | $275.00 | $279.00 |
| Brandon Oglenski | Barclays | Lowers | Overweight | $310.00 | $330.00 |
| Brian Ossenbeck | JP Morgan | Lowers | Neutral | $305.00 | $322.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to FedEx. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of FedEx compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for FedEx's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of FedEx's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on FedEx analyst ratings.
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
Key Indicators: FedEx's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Challenges: FedEx's revenue growth over 3 months faced difficulties. As of 30 November, 2023, the company experienced a decline of approximately -2.84%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.05%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): FedEx's ROE stands out, surpassing industry averages. With an impressive ROE of 3.37%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): FedEx's ROA stands out, surpassing industry averages. With an impressive ROA of 1.02%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: FedEx's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.43.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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