Throughout the last three months, 16 analysts have evaluated FedEx FDX, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 5 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 4 | 4 | 5 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $295.06, a high estimate of $351.00, and a low estimate of $195.00. Marking an increase of 5.68%, the current average surpasses the previous average price target of $279.21.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive FedEx. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Robert Joynson | Exane BNP Paribas | Announces | Underperform | $250.00 | - |
| Stephanie Moore | Jefferies | Raises | Hold | $300.00 | $265.00 |
| Thomas Wadewitz | UBS | Raises | Buy | $340.00 | $323.00 |
| Garrett Holland | Baird | Raises | Outperform | $325.00 | $315.00 |
| Ken Hoexter | B of A Securities | Raises | Buy | $346.00 | $313.00 |
| Fadi Chamoun | BMO Capital | Raises | Market Perform | $310.00 | $290.00 |
| Ravi Shanker | Morgan Stanley | Raises | Equal-Weight | $210.00 | $195.00 |
| Helane Becker | TD Cowen | Raises | Outperform | $320.00 | $293.00 |
| Jonathan Chappell | Evercore ISI Group | Raises | Outperform | $351.00 | $327.00 |
| Jordan Alliger | Goldman Sachs | Raises | Buy | $324.00 | $291.00 |
| Brandon Oglenski | Barclays | Raises | Overweight | $350.00 | $310.00 |
| J. Bruce Chan | Stifel | Lowers | Buy | $290.00 | $305.00 |
| Ravi Shanker | Morgan Stanley | Maintains | Equal-Weight | $195.00 | $195.00 |
| 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 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to FedEx. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of FedEx compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of FedEx's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into FedEx's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on FedEx analyst ratings.
All You Need to Know 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: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Decline in Revenue: Over the 3 months period, FedEx faced challenges, resulting in a decline of approximately -1.94% in revenue growth as of 29 February, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: FedEx's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.04%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): FedEx's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.3% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): FedEx's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.01% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 1.42, FedEx adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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