Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- FedEx Corporation (NYSE: FDX) is trading at unusually high volume Wednesday with nine million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $4.41 (+5.2%) at $89.99 as of 4 p.m. ET.
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FedEx has a market cap of $27.13 billion and is part of the services sector and transportation industry. Shares are up 2.5% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 13.5, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates FedEx 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 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 Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.