Raymond James analyst Patrick Brown maintained a Buy rating on Fedex Corp . on Friday, setting a price target of $305, which is approximately 4.36% above the present share price of $292.26.
Brown expects Fedex Corp. to post earnings per share (EPS) of $4.75 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in FedEx, with an average price target of $335.92.
The analysts price targets range from a high of $380 to a low of $281.
In its latest earnings report, released on 08/31/2020, the company reported a quarterly revenue of $19.32 billion and a net profit of $1.59 billion. The company's market cap is $76.01 billion.
According to TipRanks.com, Raymond James analyst Patrick Brown is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.0% and a 80.63% success rate.
FedEx Corp (NYSE:FDX). is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other, and Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment focuses on small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight services across all lengths of haul. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions. The Corporate, Other, and Eliminations segment includes corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the company's core business. The company was founded by Frederick Wallace Smith on June 18, 1971 and is headquartered in Memphis, TN.