Up 168% in the Past Year, This Little-Known Trucking Stock Still Looks Like a Magnificent Buy
The transportation and trucking industry isn't getting a lot of attention from investors these days. That's not surprising.
There's an artificial intelligence (AI) boom going on in the tech sector, and the industrial economy has been sluggish, as we saw from results at shipping powerhouses like UPS and , both of which offered weak guidance in their recent earnings reports due primarily to factors outside of their control.
However, those headwinds didn't stop XPO (NYSE: XPO) from delivering a blockbuster earnings report last Wednesday as shares of the less-than-truckload (LTL) shipping provider jumped 18.9% as its fourth-quarter results blew past expectations. Let's take a closer look.
Source Fool.com
Fedex Corp. Stock
€271.10
0.390%
With 57 Buy predictions and not a single Sell prediction Fedex Corp. is an absolute favorite of our community.
As a result the target price of 300 € shows a slightly positive potential of 10.66% compared to the current price of 271.1 € for Fedex Corp..
