FedEx Corp. (NYSE: FDX) has reported earnings for its third fiscal quarter (ending February 28) of $3.55 versus $3.07 for the same period a year ago. E.P.S. were $17.53 for the latest four quarters through February 28 versus $11.67 for the same period a year ago.
Recent Price Action
On 3/21/24, FedEx Corp. (NYSE: FDX) stock increased 1.9%, closing at $264.85. Moreover, exceptionally high trading volume at 240% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FDX is expected to continue to be a major Value Builder.
FedEx has a current Value Trend Rating of C (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 70 and a neutral Power Rating of 42, triggering the 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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