Beware: Activists get mixed results

Activist investors tend to target companies that can enhance shareholder value through asset sales or other moves. However, you have to evaluate these pressure campaigns on a case-by-case basis. Sometimes these moves succeed (see FedEx), but others seem poised to fail (Kohl’s).
FEDEX CORP. $216 is… Read More

FedEx’s earnings just jumped 29.6%

FedEx’s earnings just jumped 29.6%

Higher shipping rates led to a 9.9% jump in revenue for this company during the most-recent quarter despite lower package volumes.

The stock trades at 12.6 times the company’s 2022 earnings forecast.

FEDEX CORP. (New York symbol FDX; www.fedex.com) delivers packages and documents in the U.S. and… Read More

Higher shipping rates boost FedEx

FEDEX CORP. $221 is a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 265.0 million; Market cap: $58.6 billion; Price-to-sales ratio: 0.6; Divd. yield: 1.4%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S. and 220 other countries.
In its fiscal… Read More

FedEx’s 2022 earnings should soar

FedEx’s 2022 earnings should soar

A surge in online shopping led to a 15.5% jump in revenue for this company during the most-recent quarter. We think it will expand earnings soon and feel it’s a strong buy right now.

What’s more, a solid balance sheet helps support necessary investment in the… Read More

FedEx wins with the shift to online shopping

Rising fuel costs and labour shortages, particularly driver salaries, have weighed on FedEx’s shares in the past few months. However, the company’s outlook remains strong, particularly as the COVID-19 pandemic continues to prompt consumers to buy more goods online.
FEDEX CORP. $252 is a buy. The company (New… Read More