Bullish stance

FedEx (FDX) has a consensus rating of ~1.93 from analysts polled by Thomson Reuters (TRI), and there’s a consensus “buy” opinion on the stock. Analysts are bullish about FedEx and foresee strong double-digit growth in its stock price. The company’s consistently strong quarterly performances and its encouraging outlook for fiscal 2019 have instilled confidence among analysts, as is reflected in their ratings.

Most analysts have recommended “strong buys” or “buys” on FedEx. These recommendations represent ~80% of the 30 analysts covering the stock. Meanwhile, 17% of analysts have recommended “holds,” and 3% have recommended “strong sells” on the stock. Analysts have given FedEx a target price of $279.07, a potential ~48% surge from its current level of $188.27.

Analysts Are Recommending ‘Buys’ on FedEx ahead of Its Q2 Results

Peers’ ratings

Analysts have mixed views on the other players in the sector (IYJ). They’ve provided “hold” recommendations on FedEx’s biggest domestic competitors, United Parcel Service (UPS) and Saia (SAIA). Another main peer, XPO Logistics (XPO), has received a consensus “buy” recommendation from the same analysts.

Five out of 29 analysts have given UPS “strong buy” recommendations, five have given it “buy” recommendations, 17 have given it “hold” recommendations, one has given it a “sell” recommendation, and the remaining one has given it a “strong sell” recommendation. Analysts’ target price of $123.87 represents a potential 22.4% rise from the stock’s current price of $101.21.

One of the 11 analysts tracking Saia has given it a “strong buy” recommendation, four have given it “buy” recommendations, five have given it “hold” recommendations, and one has given it a “sell” recommendation. Analysts’ target price of $72.91 for the stock represents a potential 31.8% rise from its current price of $55.31.

Eight of the 22 analysts covering XPO have given it “strong buy” recommendations, 13 have given it “buy” recommendations, and one has given it a “hold” recommendation. Analysts’ target price of $113.19 suggests a potential 87.8% rise from the stock’s current price of $60.27.

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