#6 - Federal Express (NYSE:FDX)
Federal Express (NYSE: FDX) - Federal Express seems to be an example of how you can always find something negative if you look closely enough. And analysts certainly seem to be doing just that. The stock has been steadily tumbling since reaching a high of around $275 in January. Before the recent sell-off, it was still trading around $250. Now, it's around $220 despite solid earnings. One of the reasons for this is the company's admission that the continuing trade conflict with China is hurting their business. But that alone shouldn't explain the precipitous drop. The company took the rather unique approach of saying that in future conference calls, they would stop reviewing individual sectors and focus on the company as a whole. Market analysts seem to be approaching this upcoming lack of information with the same disdain the media has to a Bill Belichick post-game press conference. The biggest challenge for FedEx going forward is a negative free cash flow and an aging infrastructure that will be a drag on profits and potentially allow Amazon to encroach on this space.
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)
