Stock Rating Upgrade
In the last week the Value Trend Rating for FedEx Corp. (NYSE: FDX) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
FedEx Corp. (NYSE: FDX) stock closed at $297.83 on 8/1/24 after a modest decline of -1.5%. However, below average trading volume at 80% of normal accompanied the decline. The stock is unchanged during the last week but has been strong relative to 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. FedEx has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 66, producing the Positive Value Trend Rating.
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