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FedEx

Shipping company FedEx (FDX) has enjoyed steady gains over the last year, and the stock is currently trading just shy of its all-time high. Strength in the overall economy is working in the company’s favor, as is the growing importance of e-commerce in retail which will continue to grow and help drive demand for FedEx services. FedEx has shown 18.8% average earnings growth over the last five years, and look ahead analysts forecast profits to rise by 11.7% per annum over the next five years. The company reported much stronger than expected fiscal Q2 numbers in mid-December, with earnings of $3.18 versus the consensus $2.89, and sales of $16.3 billion which shattered the $15.68 billion forecast. The strong report shot the stock higher. FDX has a P/E of 24.66, which could put a cap on the stock unless analyst start to lift their price target on the stock, which is currently trading at $267.65, versus an average price target of $265.73. The stock gets an overall ranking of 84 from InvestorsObserver’s Stock Score Report.

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Chart courtesy of www.stockcharts.com

Symbols: FB FDX MRVL TOL WTW
Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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