For its second fiscal quarter (ending November 30), FedEx Corp. (NYSE: FDX) has reported a 17% increase in E.P.S. from $3.08 a year ago to $3.59 in the current quarter. For the latest four quarters through November 30, E.P.S. were $17.05 compared to $12.87 a year ago — an increase of 32%.
Recent Price Action
FedEx Corp. (NYSE: FDX) stock closed at $280.00 on 12/19/23 after a slight decline of -0.7%. Moreover, exceptionally high trading volume at 360% of normal accompanied the decline. The stock has risen 3.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FDX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
FedEx has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. FedEx has a slightly positive Appreciation Score of 64 and a good Power Rating of 83, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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