FedEx Likely To Report Sharp Drop In Quarterly Earnings - Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

FedEx Corporation FDX is expected to release earnings for the latest quarter after the closing bell on March 16, 2023.

Analysts expect the company to post quarterly earnings at $2.72 per share, down from 4.59 per share in the year-ago period. The company’s revenue might come in at $22.74 billion.

FedEx shares fell 1.3% to close at $195.30 on Wednesday, and added 1.8% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• BMO Capital analyst Fadi Chamoun maintained a Market Perform rating and raised the price target from $180 to $210 on March 13, 2023. This analyst sees over 7% upside in the company’s stock and has an accuracy rate of 73%.
• Citigroup analyst Christian Wetherbee maintained a Buy rating and raised the price target from $240 to $250 on March 9, 2023. This analyst sees around 28% upside in the company’s stock and has an accuracy rate of 67%.
• JP Morgan analyst Brian Ossenbeck maintained a Neutral rating and boosted the price target from $179 to $199 on March 3, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 69%.
• Evercore ISI Group analyst Jonathan Chappell maintained an Outperform rating and boosted the price target from $196 to $234 on Feb. 27, 2023. This analyst sees around 20% upside in the company’s stock and has an accuracy rate of 73%.
• B of A Securities analyst Ken Hoexter upgraded the stock from Neutral to Buy and boosted the price target from $204 to $233 on Feb. 2, 2023. This analyst sees around 19% upside in the company’s stock and has an accuracy rate of 69%.

Read This Next: Top 4 Industrials Stocks That May Plunge