FedEx Corp. (NYSE: FDX) stock enjoyed a major increase of 15.5% on 6/26/24. The shares closed at $296.19. Moreover, trading volume in this advance was exceptionally high at 681% of normal. The stock has risen 18.4% during the last week and has performed in line with the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. FedEx has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 46, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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