Deutsche Bank Lowers Estimates for Fedex (FDX)

Deutsche Bank Lowers Estimates for Fedex (FDX)


Deutsche Bank reported on Tuesday that they have cut estimates for transportation company, FedEx Corporation(FDX).

The firm has reduced FDX’s estimates through 2013, although the impact of Hurricane Sandy on the company was offset by lower fuel costs. Analysts from the firm currently have a “Buy” rating on FDX with a price target of $115. This price target suggests a 21% increase from the stock’s current price of $90.

FedEx shares were mostly flat during Tuesday morning trading. The stock is up 7.8% YTD.

The Bottom Line
Shares of FedEx (FDX) have a .62% dividend yield, based on last night’s closing stock price of $90.53. The stock has technical support in the $84-$85 price area. If the shares can firm up, we see overhead resistance around the $93-$95 price levels.

FedEx Corporation(FDX) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today