FedEx Corporation (FDX): Today's Featured Transportation Winner
(
) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day up 1.4%. By the end of trading, FedEx Corporation rose $1.40 (1.4%) to $104.40 on average volume. Throughout the day, 3,978,469 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,687,900 shares. The stock ranged in a price between $103.91-$105.98 after having opened the day at $104.00 as compared to the previous trading day's close of $103.00. Other companies within the Transportation industry that increased today were:
(
), up 28.8%,
(
), up 8.8%,
Patriot Transportation Holdings
(
), up 7.5% and
(
), up 6.4%.
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 $32.7 billion and is part of the services sector. Shares are up 12.3% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
FedEx Corporation
as a
. 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, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full FedEx Corporation Ratings Report.
On the negative front,
(
), down 11.8%,
(
), down 10.0%,
(
), down 6.5% and
(
), down 5.4%.
- 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
(
) while those bearish on the transportation industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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