Dahlman Rose on FedEx (FDX): Possible Opportunity for UPS to Grab U.S. Postal Service Contract
Get Alerts FDX Hot Sheet
Price: $332.88 -0.53%
Rating Summary:
28 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
28 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Join SI Premium – FREE
Dahlman Rose maintains a 'Buy' on FedEx (NYSE: FDX) price target of $104.00.
Analyst, Helane Becker, commented on last night's 10K filing by FedEx, which stated the contract with the U.S. Postal Service is up in September of 2013 and the USPS will allow competing bids upon expiration. Becker noted: 1) USPS is FDX's largest customer with total revs of $1.2 billion; 2) Hold-rated UPS (NYSE: UPS) may be the beneficiary if FDX loses the contract; 3) Overall, FDX made $42.7B in revenue and $6.59 EPS for FY12, so the USPS contract is relatively small in the overall picture.
Becker suggests buying FDX shares on weakness tied to the 10K filing.
For an analyst ratings summary and ratings history on FedEx click here. For more ratings news on FedEx click here.
Shares of FedEx closed at $91.92 yesterday.
Analyst, Helane Becker, commented on last night's 10K filing by FedEx, which stated the contract with the U.S. Postal Service is up in September of 2013 and the USPS will allow competing bids upon expiration. Becker noted: 1) USPS is FDX's largest customer with total revs of $1.2 billion; 2) Hold-rated UPS (NYSE: UPS) may be the beneficiary if FDX loses the contract; 3) Overall, FDX made $42.7B in revenue and $6.59 EPS for FY12, so the USPS contract is relatively small in the overall picture.
Becker suggests buying FDX shares on weakness tied to the 10K filing.
For an analyst ratings summary and ratings history on FedEx click here. For more ratings news on FedEx click here.
Shares of FedEx closed at $91.92 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- Benchmark Reiterates Buy Rating on Odysight.AI Inc. (ODYS)
- EyePoint Inc. (EYPT) PT Lowered to $8 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsSign 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!



Tweet
Share