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

FedEx Corporation (FDX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 1.1%. By the end of trading, FedEx Corporation fell $1.60 (-1.8%) to $87.66 on heavy volume. Throughout the day, 3.6 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $86.22-$88.47 after having opened the day at $87.92 as compared to the previous trading day's close of $89.26. Other company's within the Transportation industry that declined today were: YRC Worldwide (YRCW), down 9.4%, Skywest Incorporated (SKYW), down 7.1%, Euroseas (ESEA), down 6.9%, and Newlead Holdings (NEWL), down 6.6%.

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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 $28.52 billion and is part of the services sector. The company has a P/E ratio of 14.1, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.9% 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, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full FedEx Ratings Report.

• Use our transportation section to find industry-relevant news.
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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