FedEx Corp. (NYSE: FDX) has reported E.P.S. of $3.24 for its first fiscal quarter (ending August 31) versus $4.28 for the same period a year ago — a decline of -24%. For the latest four quarters through August 31, E.P.S. were $16.38 versus $16.53 for the same period a year ago — a decline of -1%.
Recent Price Action
FedEx Corp. (NYSE: FDX) stock closed at $300.39 on 9/19/24 after a modest gain of 0.7%. Moreover, exceptionally high trading volume at 300% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.5% 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 A (Highest Rating). 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 65 and a good Power Rating of 80, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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