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FDX

FedEx

$181.50

-0.92 (-0.50%)

07:16
03/20/19
03/20
07:16
03/20/19
07:16

Deutsche defends FedEx shares despite 'another disappointing' quarter

Deutsche Bank analyst Amit Mehrotra says he's defending shares of FedEx despite "another disappointing" quarterly report. The analyst still views shares as a "compelling value." Even after a sizeable earnings cut and the expected weakness in the stock today, FedEx trades at under 10.5 times estimated fiscal 2020 earnings, Mehrotra tells investors in a research note. It is "hard to argue for any further contraction, especially in light of positive inflection in free cash flow," says the analyst. He maintains a Buy rating on FedEx but lowered his price target to $200 from $212.

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FDX FedEx
$181.50

-0.92 (-0.50%)

02/22/19
RILY
02/22/19
NO CHANGE
RILY
Stamps.com should return to high single-digit growth, says B. Riley FBR
B. Riley FBR analyst Zach Cummins lowered his price target for Stamps.com (STMP) to $130 from $300 after the company announced the discontinuation of its partnership with the U.S. Postal Service. The stock in premarket trading is down 47%, or $93.07, to $105.01. The analyst also removed the shares from his firm's Alpha Generator list. However, he keeps a Buy rating on the shares. While cutting his estimates substantially on the news, Cummins believes Stamps.com can return to high single-digit growth with adjusted EBITDA margins near 30% in fiscal 2020. Stamps.com should be able to leverage its relationships, integrations, and volumes across to the industry to secure revenue share agreements with the likes of FedEx (FDX), UPS (UPS), or even Amazon.com (AMZN), Cummins tells investors in a research note.
03/07/19
SBSH
03/07/19
NO CHANGE
Target $210
SBSH
Buy
FedEx price target lowered to $210 from $225 at Citi
Citi analyst Christian Wetherbee lowered his Q3 earnings per share estimate for FedEx to $3.05, which is 10c below consensus, from $3.28 ahead of the company's results. The reduced estimate reflects a softer outlook for Express related to slower International trends and ongoing profit headwinds from the TNT integration, as well as somewhat lower profit growth at Freight. The analyst ultimately sees value in FedEx shares given the "significantly" lowered expectations for TNT, but he acknowledges that "real clarity" may not be achieved until the company provides a full accounting of TNT. Wetherbee cut his price target for FedEx to $210 from $225 and keeps a Buy rating on the name.
03/20/19
SBSH
03/20/19
NO CHANGE
Target $210
SBSH
Buy
FedEx remains 'story for potential upside' despite 'rocky' quarter, says Citi
Citi analyst Christian Wetherbee says FedEx reported fiscal Q3 results that were in line on a headline basis, but weaker than expected on a core basis as comparable earnings per share fell 29c below his target. However, the analyst believes there is "still a story for potential upside a few months out" as sell-side estimates fall into range with buy-side targets and the company outlines a path to "decent growth" in fiscal 2020. FedEx's second guide down should "finally push stubbornly high" consensus estimates below $17 in fiscal 2020, Wetherbee tells investors in a post-earnings research note titled "Rocky Qtr, as Expected...a Bit More Time Needed for Clean Slate." He believes the stock's risk/reward looks favorable and keeps a Buy rating on FedEx with a $210 price target. The official fiscal 2020 guidance coming in June "could finally help put in a floor and present a catalyst for upside," says Wetherbee.
03/20/19
LEHM
03/20/19
NO CHANGE
Target $215
LEHM
Overweight
FedEx price target lowered to $215 from $235 at Barclays
Citing limited visibility on an Express margin recovery, a longer integration of TNT and increased mix challenges in the U.S. Ground business, Barclays analyst Brandon Oglenski lowered his fiscal 2020 earnings per share for FedEx by 11% to $16.00. While admitting he "clearly missed the mounting warning signs over the past year" foretelling the challenges from TNT operations, the analyst says his long-term view remains focused on the U.S. Ground business, which he views as one of the best transportation assets in his coverage. He lowered his price target for FedEx to $215 from $235 and keeps an Overweight rating on the name.

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ESYJY

easyJet

$0.00

(0.00%)

20:35
11/19/19
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20:35
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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

20:31
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Middlesex Water 661K share Spot Secondary priced at $60.50 »

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DLAKY

Lufthansa

$0.00

(0.00%)

20:29
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20:29
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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

20:25
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Notable companies reporting before tomorrow's open »

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0.27 (0.24%)

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Lowe's

$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

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ICAGY

IAG

$0.00

(0.00%)

20:23
11/19/19
11/19
20:23
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20:23
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IAG initiated at Goldman Sachs »

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RYAAY

Ryanair

$86.27

0.52 (0.61%)

20:20
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20:20
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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
11/19/19
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20:11
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Initiation
Luxfer initiated at B. Riley FBR »

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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
11/19/19
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20:09
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20:09
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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
11/19/19
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20:03
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20:03
Initiation
Transocean initiated at Deutsche Bank »

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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

19:58
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19:58
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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

19:53
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19:53
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Schlumberger initiated at Deutsche Bank »

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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

19:45
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SAFE

Safehold

$34.59

-1.33 (-3.70%)

19:38
11/19/19
11/19
19:38
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19:38
Syndicate
Safehold 3M share Secondary priced at $34.00 »

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HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

19:36
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19:36
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19:36
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Helmerich & Payne initiated at Deutsche Bank »

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HAL

Halliburton

$19.89

-0.26 (-1.29%)

19:31
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19:31
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Halliburton initiated at Deutsche Bank »

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BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

19:24
11/19/19
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19:24
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Baker Hughes initiated at Deutsche Bank »

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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

19:23
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19:23
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Initiation
Phathom Pharmaceuticals initiated at Evercore ISI »

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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

19:20
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19:20
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19:20
Downgrade
Sherwin-Williams rating change at Edward Jones »

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

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S&P 500

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(0.00%)

19:17
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SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

SPX

S&P 500

$0.00

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
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19:10
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19:10
Downgrade
Berry Petroleum rating change at KeyBanc »

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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

19:05
11/19/19
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19:05
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Syndicate
New York Mortgage 25M share Spot Secondary priced at $6.10 »

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