What Analysts Think of FedEx Stock Ahead of Earnings | Global News Avenue

FedEx (FDX) Plans to report third-quarter results after Thursday’s end, with analysts mostly optimistic about shipping giants’ stocks.

Of the 15 analysts who have followed FedEx stock and tracked by visible Alpha, 12 called it “buy”, two A A Holds” and one was “sell.” Their stock average price target is $318.60, which is more than 31% above Friday’s closing price, just above $241.

Analysts expect adjustments Earnings per share (EPS) From a year ago to 20% to $4.64, revenue was higher than 1% to $21.97 billion. Revenue fell year-on-year in eight of the past nine quarters, with FedEx and shipping rival UPS (ups) Demand decreased after the pandemic.

Morgan Stanley says FedEx may have a “stable peak season”

Morgan Stanley analysts, underrated, with the stock targeting a price of $200, wrote this month that they believe FedEx has a stable peak season but no significant acceleration in potential demand/macro trends”.

Analysts say they “see the peak season headwind of overall compression” and there is a month of the U.S. Postal Service Partnership. They also noted that the likelihood of FedEx’s Drive plan, which the company said it was expected to create a $2.2 billion “permanent cost reduction” would be “less than expected” in the third quarter.

Last quarterThe company missed the estimate and said it plans to split its FedEx freight division into an independent public company over the next 18 months. Citi analysts have said Such a move can “unlock value”.

FedEx shares have fallen 5% over the past 12 months, closing levels last week for more than a year.