FedEx Corp. (NYSE:FDX) was downgraded by stock analysts at UBS AG from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a $136.00 price objective on the stock, up from their previous price objective of $117.00. UBS AG’s price objective points to a potential upside of 2.63% from the stock’s previous close.
FDX has been the subject of a number of other recent research reports. Analysts at Cowen and Company downgraded shares of FedEx Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $136.00 price target on the stock, up previously from $117.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of FedEx Corp. in a research note to investors on Monday, October 28th. They now have a $135.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of FedEx Corp. from $122.00 to $139.00 in a research note to investors on Monday, October 28th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have assigned a buy rating to the stock. FedEx Corp. has an average rating of “Hold” and an average price target of $120.54.
FedEx Corp. (NYSE:FDX) opened at 132.52 on Tuesday. FedEx Corp. has a one year low of $85.15 and a one year high of $136.98. The stock’s 50-day moving average is $123.2 and its 200-day moving average is $108.3. The company has a market cap of $41.961 billion and a P/E ratio of 26.55.
FedEx Corp. (NYSE:FDX) last announced its earnings results on Wednesday, September 18th. The company reported $1.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.02. The company had revenue of $11.00 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the company posted $1.45 earnings per share. FedEx Corp.’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that FedEx Corp. will post $7.00 earnings per share for the current fiscal year.
FedEx Corporation (NYSE:FDX) is a holding company.
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