Company Update: FedEx Corporation (NYSE:FDX) – Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express

[Business Wire] – This is a joint press release by FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. in connection with the recommended public offer by FedEx Acquisition B.V. for all the issued and outstanding ordinary shares in the capital of TNT Express N.V., including all American depositary shares representing ordinary shares . Read more on this. FedEx Corporation (FDX) , valued at $43.46B, opened at $163.00. Looking at the stock, its one day range is $161.64 to $163.47 and has traded between $119.71 and $185.19 over the past year. FDX shares are currently priced at 15.11x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.54x earnings multiple for the same period. The company pays shareholders $1.00 per share annually in dividends, yielding 0.61%. According to a consensus of 24 analysts, the earnings estimate of $3.31 per share would be $0.65 better than the year-ago quarter and a $0.09 sequential increase. The full-year EPS estimate is $10.79 which would be a $1.84 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.77 Billion. If reported, that would be a 5.45% increase over the year-ago quarter. Recently, Standpoint Research downgraded FDX from Buy to Hold (Mar 17, 2016). Previously, Standpoint Research upgraded FDX from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $175.31, which is 7.55% above where the stock opened this morning. See more in (NYSE:FDX) Similar Articles: Company Update: FedEx Corporation (NYSE:FDX) – Air Delivery & Freight Services Equities Technical Updates — United Parcel Service, FedEx, Expeditors International of Washington, and XPO Logistics Company Update (NYSE:FDX): FedEx Office Plants Roots in Plano Stock Update: FedEx Corporation (NYSE:FDX) – FedEx Forecasts Record Volume This Holiday Season