FedEx Corporation (FDX): Today's Featured Transportation Loser

FedEx Corporation (FDX) pushed the Transportation industry lower today making it today's featured Transportation loser. The industry as a whole closed the day down 0.3%. By the end of trading, FedEx Corporation fell $1.50 (-1.7%) to $86.19 on average volume. Throughout the day, 2.6 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $85.57-$87.41 after having opened the day at $87.09 as compared to the previous trading day's close of $87.69. Other company's within the Transportation industry that declined today were: Covenant Transportation Group (CVTI), down 5.7%, DS Torm (TRMD), down 5.2%, Arkansas Best Corporation (ABFS), down 4.9%, and Excel Maritime Carriers (EXM), down 4.6%.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $27.21 billion and is part of the services sector. The company has a P/E ratio of 13.4, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate FedEx Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates FedEx Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

• You can view the full FedEx Ratings Report.

On the positive front, YRC Worldwide (YRCW), up 8.4%, FreeSeas (FREE), up 6.2%, Providence & Worcester Railroad Company (PWX), up 5.1%, and United Continental Holdings (UAL), up 3.5%, were all gainers within the transportation industry with US Airways Group (LCC) being today's featured transportation industry winner.

• Use our transportation section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation (IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials (SIJ).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on FedEx Corporation click any of the following:

• FedEx Corporation Stock Price

• FedEx Corporation Analyst Ratings

• FedEx Corporation Key Stats & Profile

• FedEx Corporation Earnings

• FedEx Corporation Ratio Comparison

• FedEx Corporation Growth Rates

• FedEx Corporation Balance Sheet

• FedEx Corporation Cash Flow

• FedEx Corporation Income Statement