What the FedEx Upgrade Means for Investors (FDX)

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What the FedEx Upgrade Means for Investors (FDX)

Fedex truck image
Before the opening bell on Friday, Credit Suisse raised its rating on FedEx (FDX). Here’s what the upgrade means for mutual fund investors.

Inside the Analyst Move

Credit Suisse raised its price target on FedEx from $177 to $203, suggesting a 14% upside from the stock’s current price. The firm also boosted its rating from “Neutral” to “Outperform.”

Analyst Allison Landry commented: “We think that FDX is more adept at managing the rapid growth in eCommerce and the evolving peak season landscape, and is doing so more profitably. The HOLT Economic P/E multiple gap between UPS and FDX is close to a recent historical high, suggesting there is scope for multiple expansion at FDX.”

FedEx Has Outperformed Its Peers, and Growth Is Expected to Continue

In the last 12 months, FedEx has outperformed the S&P 500 Index, the transportation industry and its biggest competitor UPS (UPS). This growth is expected to continue due to strong demand and lower oil prices.

The company has done a great job growing earnings, but has failed to offer an attractive dividend yield to investors.

Mutual Funds to Watch

Investors interested in FDX may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above offer investors a stake in FDX, while remaining diversified. Investors interested in FDX may also be interested in UPS (UPS).

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Fedex truck image

What the FedEx Upgrade Means for Investors (FDX)

Before the opening bell on Friday, Credit Suisse raised its rating on FedEx (FDX). Here’s what the upgrade means for mutual fund investors.

Inside the Analyst Move

Credit Suisse raised its price target on FedEx from $177 to $203, suggesting a 14% upside from the stock’s current price. The firm also boosted its rating from “Neutral” to “Outperform.”

Analyst Allison Landry commented: “We think that FDX is more adept at managing the rapid growth in eCommerce and the evolving peak season landscape, and is doing so more profitably. The HOLT Economic P/E multiple gap between UPS and FDX is close to a recent historical high, suggesting there is scope for multiple expansion at FDX.”

FedEx Has Outperformed Its Peers, and Growth Is Expected to Continue

In the last 12 months, FedEx has outperformed the S&P 500 Index, the transportation industry and its biggest competitor UPS (UPS). This growth is expected to continue due to strong demand and lower oil prices.

The company has done a great job growing earnings, but has failed to offer an attractive dividend yield to investors.

Mutual Funds to Watch

Investors interested in FDX may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above offer investors a stake in FDX, while remaining diversified. Investors interested in FDX may also be interested in UPS (UPS).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next