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• FDX 88% Rate It

Package delivery giant FedEx Corporation ( FDX ) on Monday caught some tepid commentary from analysts at Nomura Securities.

The firm maintained its "Neutral" rating and $90 price target on FDX, which suggests a 2.7% upside to the stock's Friday closing price of $87.63.

A Nomura analyst commented, "FDX will report FY results on Tuesday, June 19. We expect EPS of $6.51 vs guidance of $6.35-$6.60 and the Street at $6.50. We expect Q4 Express volumes to remain negative at -1.0% vs. -3.9% in Q3, but average pricing to be up 2.5% against 8.1% in Q3 as the fuel surcharges moderate. We look for both the first formal guidance for FY13, which will come with these results, and commentary around the key trends, most of which, such as general airfreight volumes, continue to weaken both sequentially and y/y through calendar Q2."

FedEx shares were mostly flat in Monday morning trading.

The Bottom Line
Shares of FedEx ( FDX ) have a .64% dividend yield, based on Friday's closing stock price of $87.63. The stock has technical support in the $80-$85 price area. If the shares can firm up, we see overhead resistance around the $90-$91 price levels.

FedEx Corporation ( FDX ) is not recommended at this time, holding a Dividend.com 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 .

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