As an industrial component who, along with UPS, carries and delivers the equivalent of about 3% of US GDP , FedEx remains integral to US business, particularly e-commerce.
The second was the emergence of AI which is expected to help drive cost-savings at data-heavy businesses and industries; Free-cash-flow has soared under under FedEx Drive and some of the expense rationalization going on. Check these numbers, using trailing-twelve-month free-cash-flow:The stock is a cheap here: wait for the all-time or June ’21 high near $320 and see how the stock reacts, and if the stock moves above that, I’d say $350 is the next target.If readers would look at the December, March, June and September time periods on the blog, you’ll likely to always find a FedEx article.
Ground is now the FedEx star and Ground’s operating margin last quarter was 13.4%, and the 4-quarter trailing average was about 12%. .
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Source: Investingcom - 🏆 450. / 53 Read more »
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