|Bid||1,638.00 x 0|
|Ask||1,853.87 x 0|
|Day's Range||1,636.50 - 1,636.50|
|52 Week Range||605.50 - 1,654.50|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||25.13|
|Forward Dividend & Yield||14.00 (0.85%)|
|Ex-Dividend Date||Sep 03, 2020|
|1y Target Est||N/A|
IBD Screen of the Day stock research time saver shows a long list of hot CAN SLIM Select stocks in buy range or near buy points ahead of earnings.
A proprietary KeyBanc Capital markets index ndicates continued strong business-to-consumer volumes in early 2021, the sell-side firm said in a note. FedEx Corporation (NYSE: FDX) faces a rational pricing environment and the opportunity to gain market share as United Parcel Service, Inc. (NYSE: UPS) “takes a more measured approach to volume growth,” according to KeyBanc. The FedEx Analyst: Todd Fowler upgraded FedEx from Sector Weight to Overweight and established a $350 price target. The FedEx Takeaways: B2C volumes are up 58% year-to-date, consistent with the levels in the second half of 2020, Fowler said in the upgrade note. “Further, we are encouraged by indications of resilient airfreight dynamics with demand improving against limited incremental capacity which may sustain Express load factors and margins intermediately,” the analyst said. “Lastly, we view broader improvements in industrial production and economic activity as increasingly favorable for B2B demand.” The analyst raised the FedEx earnings estimate for fiscal 2022 from $19.50 per share to $20.70 per share to reflect “an improved Express and Ground outlook.” FDX Price Action: Shares of FedEx were up 0.18% at $291.32 at last check Tuesday. Latest Ratings for FDX DateFirmActionFromTo Apr 2021KeybancUpgradesSector WeightOverweight Mar 2021Vertical ResearchInitiates Coverage OnBuy Mar 2021Goldman SachsMaintainsBuy View More Analyst Ratings for FDX View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaWhat Are The Tailwinds For BofA's US Bancorp Upgrade?Why This Tesla Analyst Is Turning Bullish© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wall Street is getting more bullish on the prospects for FedEx shares. The stock picked up an upgrade Monday evening.