Deutsche Bank Sees Positive Risk/Reward Heading Into FedEx's (FDX) Q4 Earnings, Price Target Allows for 50% Upside
Tweet
Share
E-mailGet Alerts FDX Hot Sheet
Price: $334.64 -1.39%
Rating Summary:
28 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Deutsche Bank is maintaining its Buy rating and $133 price target on shares of FedEx (NYSE: FDX) going into its quarterly earnings as market trends seem to be favorable over the quarter.
The firm notes that they are buyers of FDX ahead of earnings as they expect FY12 guidance will ease investors concerns moving forward and will provide a positive catalyst for the shares. Shares of FDX are trading down 6 percent year-to-date, versus the S&P which is up 2 percent.
With the price of diesel and jet fuel up on average 33 percent year-over-year and 48 percent year-over-year in Q4 should offset the higher surcharges. The higher fuel prices will also be slightly offset by better industry pricing as well as its restructuring.
An analyst at Deutsche Bank comments, "FDX remains our top pick as we see a compelling risk/reward at current levels given the company’s growth prospects, diversified product offering, network franchise, and secular growth of high tech and high value goods."
For more ratings news on FedEx click here and for the rating history of FedEx click here.
Shares of FedEx closed at $87.50 yesterday.
The firm notes that they are buyers of FDX ahead of earnings as they expect FY12 guidance will ease investors concerns moving forward and will provide a positive catalyst for the shares. Shares of FDX are trading down 6 percent year-to-date, versus the S&P which is up 2 percent.
With the price of diesel and jet fuel up on average 33 percent year-over-year and 48 percent year-over-year in Q4 should offset the higher surcharges. The higher fuel prices will also be slightly offset by better industry pricing as well as its restructuring.
An analyst at Deutsche Bank comments, "FDX remains our top pick as we see a compelling risk/reward at current levels given the company’s growth prospects, diversified product offering, network franchise, and secular growth of high tech and high value goods."
For more ratings news on FedEx click here and for the rating history of FedEx click here.
Shares of FedEx closed at $87.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
- Reading (RDI) Tops Q2 EPS by 4c
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Deutsche Bank, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
