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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 1.2%. By the end of trading, FedEx Corporation fell 65 cents (-0.7%) to $90.48 on average volume. Throughout the day, 1.6 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $89.92-$91.98 after having opened the day at $90.99 as compared to the previous trading day's close of $91.13. Other company's within the Transportation industry that declined today were: Genco Shipping & Trading (GNK), down 10.4%, Eagle Bulk Shipping (EGLE), down 8%, Arkansas Best Corporation (ABFS), down 8%, and Swift Transportation (SWFT), down 7%.

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 $28.79 billion and is part of the services sector. The company has a P/E ratio of 13.9, below the average transportation industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Monday. 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, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Danaos Corporation (DAC), up 7.4%, Air T (AIRT), up 4.4%, Southwest Airlines (LUV), up 4.2%, and DS Torm (TRMD), up 3%, were all gainers within the transportation industry with US Airways Group (LCC) being today's featured transportation industry winner.

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).

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