Operations and fundamentals for FedEx are extremely strong and suggest the potential for earnings and guidance upside. Analysts highlight that the company's cash levels are at an all-time high. In addition, holiday stumbles by United Parcel Service, Inc.
FedEx is in the middle of an ambitious restructuring plan to improve profitability by $1.6 billion annually by 2016. The company has already made impressive strides in increasing efficiency through better matching its network capacity to customer ...
In a report published on Friday, Credit Suisse raised the price target on FedEx Corporation (NYSE:FDX) stock from $177 to $203 on improving yield profile, as the courier services giant plans to expand its US Ground network capacity.
FedEx Corporation (NYSE: FDX ) reported another quarter of strong earnings growth last week. Revenue rose 5% to $11.9 billion and EPS soared 36% to $2.14, due to a combination of margin expansion and a lower share count.
If you think that FedEx (NYSE: FDX ) stock has run out of steam after last year's 57% surge, then you can think again. The stock is up more than 9% year to date, reflecting that investors expect more out of the courier giant.
On the surface, FedEx Corp. (NYSE: FDX) looks like the best investment in the freight industry. On a valuation basis, it trades at a discount to UPS and the rest of the industry, plus it has a pristine balance sheet.