Providing a diverse range of perspectives from bullish to bearish, 17 analysts have published ratings on FedEx (NYSE:FDX) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 4 | 5 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 6 | 4 | 3 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $309.59, along with a high estimate of $351.00 and a low estimate of $210.00. This upward trend is apparent, with the current average reflecting a 2.74% increase from the previous average price target of $301.33.
Investigating Analyst Ratings: An Elaborate Study
The standing of FedEx among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Christian Wetherbee | Wells Fargo | Announces | Equal-Weight | $275.00 | - |
| Brian Ossenbeck | JP Morgan | Lowers | Neutral | $296.00 | $301.00 |
| Thomas Wadewitz | UBS | Lowers | Buy | $333.00 | $340.00 |
| J. Bruce Chan | Stifel | Lowers | Buy | $303.00 | $306.00 |
| Ken Hoexter | B of A Securities | Lowers | Buy | $340.00 | $346.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to FedEx. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of FedEx compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of FedEx's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of FedEx's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on FedEx analyst ratings.
Unveiling the Story Behind 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.
FedEx: Financial Performance Dissected
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining FedEx's financials over 3 months reveals challenges. As of 29 February, 2024, the company experienced a decline of approximately -1.94% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: FedEx's net margin is impressive, surpassing industry averages. With a net margin of 4.04%, the company demonstrates 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: FedEx's debt-to-equity ratio is below the industry average. With a ratio of 1.42, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
