Nomura Securities Maintains a 'Neutral' on FedEx (FDX); Q1 Preview

Nomura Securities maintains a 'Neutral' on FedEx (NYSE: FDX) price target of $100.00.

Nomura analyst, Mark McVicar, "Q1 results are due on Thursday 22nd of Sept. We expect $1.51 per share, compared to guidance from the company of $1.40-$1.60 and Bloomberg consensus of $1.46. We assume the numbers will be within the range or the company would have pre-announced any material difference. Given its very broad geographic and industry vertical exposure, Fedex is a key barometer of the health of the US, Asian and European economies and the trade flows between them. Company guidance for EPS for the year is currently within a range of $6.35-$6.85 against Bloomberg consensus of $6.39."

For more ratings news on FedEx click here and for the rating history of FedEx click here.

Shares of FedEx closed at $75.22 yesterday.

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