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FedEx: Analysts Have a Bullish Stance


Dec. 19 2018, Updated 11:50 a.m. ET

Analysts’ bullish stance

FedEx (FDX) received a consensus “buy” recommendation from the analysts polled by Reuters. Analysts are still bullish about FedEx. They expect strong double-digit growth in FedEx’s stock price.

Among the analysts, ~80% of the 30 analysts covering FedEx stock recommended a “strong buy” or “buy.” Meanwhile, 17% of the analysts recommended a “hold,” while 3% recommended a “strong sell” on the stock. Analysts have given FedEx a target price of $263.88—a potential increase of ~43% from its current level of $185.01.

However, we might see a downward revision in the estimates and target prices in a few days due to FedEx’s downbeat outlook for fiscal 2019.

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Peers’ ratings

Analysts have mixed views on the other players in the sector (IYT). Analysts recommended a “hold” for UPS (UPS) and Saia (SAIA). Analysts recommended a “buy” for XPO Logistics (XPO).

Among the 29 analysts, five recommended UPS as a“strong buy,” five recommended a “buy,” 17 recommended a “hold,” one recommended a “sell,” and one recommended a “strong sell.” Analysts’ target price of $123.17 represents a potential ~27% rise from the stock’s current price of $97.28.

Among the 11 analysts tracking Saia, one recommended a “strong buy,” four recommended a “buy,” five recommended a “hold,” and one recommended a “sell.” Analysts’ target price of $72.91 for the stock represents a potential ~32% rise from its current price of $55.30.

Eight of the 22 analysts covering XPO recommended a “strong buy,” 13 recommended a “buy,” and one recommended a “hold.” Analysts’ target price of $98.10 suggests a potential ~88% rise from the stock’s current price of $52.25.


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