FedEx Corporation (FDX): Today's Featured Transportation Loser
The
industry closed the day down 2.2%.
(
),
(
),
(
), and
(
) were all decliners today within the transportation industry with
(
) being today's featured transportation loser. FedEx Corporation fell 80 cents (-1%) to $80.72 on average volume. Throughout the day, 3.7 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 3.6 million shares.
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 $25.2 billion and is part of the
sector. The company has a P/E ratio of 16.4, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.4% year to date as of the close of trading on Monday.
TheStreet Ratings rates FedEx 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 and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
- You can view the full FedEx Ratings Report.
On the positive front,
(
),
(
),
(
), and
(
) were all gainers within the transportation industry with
Westinghouse Air Brake Technologies
(
) 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
(
) 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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