#6 - Federal Express (NYSE:FDX)
In the last mile and overnight delivery space, Federal Express (NYSE:FDX) is the other half of the duopoly with United Parcel Service. FDX stock is up 102% in the last two years. However, the stock is down 21% in the past year. The reason appears to be earnings. Specifically, the company has come in below analysts’ estimates in two out of the last three quarters.
But analysts are projecting the company to have a significantly better year in 2022. In the short term, FDX stock may face some headwinds due to change in leadership. The company is getting a new CEO and while the move has been telegraphed and planned for some time, institutional investors frequently take a wait-and-see approach when someone new takes the helm.
To that end, investors will get their first look at the new CEO when the company hosts an analyst day in June. This will be the company’s first such even in 10 years.
About FedEx
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
Read More - Current Price
- $299.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $316.04 (5.4% Upside)
