FedEx: $200 In Sight From Here

Oct. 23, 2014 8:57 AM ET | About: FedEx Corporation (FDX)

FDX has earnings estimates that are very achievable.

Continued robust organic growth and low fuel prices could allow FDX to beat estimates.

The valuation is reasonable right now given the company's prospects and I think we'll see $200 next year.

Shares of shipping behemoth FedEx (NYSE:FDX) have been soaring in recent quarters. The company's fantastic operating results have seen shares rise from $90 to $160 in just 18 months amid a vastly improving macro environment and prudent management by the company's executives.

FedEx: $200 In Sight From Here - FedEx Corporation (NYSE:FDX) | Seeking Alpha