For its fourth fiscal quarter (ending May 31), FedEx Corp. (NYSE: FDX) has reported E.P.S. of $5.94 compared to $6.10 a year ago. E.P.S. were $17.21 for the latest four quarters through May 31 versus $15.60 for the same period a year ago.
Recent Price Action
FedEx Corp. (NYSE: FDX) stock declined slightly by -0.05% on 6/25/24. The stock closed at $256.38. Moreover, this decline was accompanied by exceptionally high trading volume at 426% of normal. The stock has performed in line with the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FDX is expected to continue to be a major Value Builder.
FedEx has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. FedEx has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 46, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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