FedEx ticks lower despite upbeat results but analysts sing praises [Seeking Alpha]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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US:NYSE Investor Relations:
fedex.com/us/investorrelations
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Source: Seeking Alpha
FedEx ticks lower despite upbeat results but analysts sing praisesFedEx (NYSE:FDX)-0.5% premarket despite postingbetter than expected FQ3 results and upbeat guidance, leaving the stock below its 50-day moving average of $253.80, but analysts pile in with praise for the company.Stifelupgrades shares to Buy and raises its price target to $295 from $284, citing the company's "general earnings trajectory" following Q3 results.Citimaintains its Buy rating, noting that FDX plans to cut $100M from FY 2018's Ground budget, suggesting 2019 will be in-line with $5.8B capex, and that Ground margins improved 110 bps Y/Y and are expected to improve 100-150 bps Y/Y in FQ4; CIti believes "the tide is now turning."Also, KeyBancups its price target to $290 from $275 and continues to view FDX as positioned to benefit from both favorable macroeconomic freight demand and secular supply-chain shifts.Stephens keeps itsOverweight rating and $306 price target, saying that while there were "a lot of moving pi
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FDX
News
- NTSB to deliver findings on FedEx-Southwest near miss [Yahoo! Finance]Yahoo! Finance
- International Medical Corps Deploys Field Hospital in Times of Need With Support From FedEx [Yahoo! Finance]Yahoo! Finance
- FedEx and Marine Corps Scholarship Foundation Help Children of Veterans [Yahoo! Finance]Yahoo! Finance
- FedEx (FDX) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- 11 Best Delivery Stocks to Buy According to Hedge Funds [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 3/21/24 - Beat
FDX
Sec Filings
- 4/26/24 - Form 8-K/A
- 4/9/24 - Form 4
- 4/9/24 - Form 144
- FDX's page on the SEC website