8 analysts have shared their evaluations of FedEx FDX during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $331.5, with a high estimate of $366.00 and a low estimate of $288.00. This current average has increased by 3.23% from the previous average price target of $321.14.
Investigating Analyst Ratings: An Elaborate Study
The perception of FedEx by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Christian Wetherbee | Wells Fargo | Raises | Equal-Weight | $320.00 | $305.00 |
| Rick Paterson | Loop Capital | Raises | Buy | $365.00 | $288.00 |
| Brian Ossenbeck | JP Morgan | Raises | Overweight | $366.00 | $350.00 |
| David Vernon | Bernstein | Lowers | Market Perform | $316.00 | $337.00 |
| Brandon Oglenski | Barclays | Raises | Overweight | $365.00 | $350.00 |
| Ariel Rosa | Citigroup | Raises | Buy | $331.00 | $301.00 |
| Ariel Rosa | Citigroup | Announces | Buy | $301.00 | - |
| Rick Paterson | Loop Capital | Lowers | Hold | $288.00 | $317.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to FedEx. This information offers 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: Delving into movements, analysts provide estimates for the future value of FedEx's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into FedEx's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on FedEx analyst ratings.
Delving into FedEx's Background
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came 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, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Key Indicators: FedEx's Financial Health
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.
Revenue Challenges: FedEx's revenue growth over 3 months faced difficulties. As of 31 August, 2024, the company experienced a decline of approximately -0.47%. This indicates 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 excels beyond industry benchmarks, reaching 3.67%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): FedEx's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.9%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): FedEx's ROA excels beyond industry benchmarks, reaching 0.91%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.39.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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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