We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why You Should Add FedEx (FDX) to Your Portfolio Now
Read MoreHide Full Article
FedEx Corporation (FDX - Free Report) is gaining significantly from the coronavirus-driven surge in e-commerce demand. Owing to residential delivery volume growth, the company’s Ground segment is witnessing a boom. Notably, revenues from the Ground unit jumped 37% year over year in the first nine months of fiscal 2021. With strong e-commerce demand here to stay, the segment is expected to continue its robust performance.
The company’s December 2020 acquisition of ShopRunner, a Chicago, IL-based e-commerce platform connecting online shoppers with their favorite merchants and brands, further bolsters its e-commerce offerings. ShopRunner operates as a subsidiary of FedEx Services. Additionally, the company’s acquisition of Cargex has strengthened its Latin American footprint.
FedEx’s measures to reward its shareholders are encouraging. Notably, its dividends have increased at a five-year CAGR of 26%.
Moreover, the company’s solid cash position underlines its healthy financial prospects. FedEx exited the third quarter of fiscal 2021 with cash and cash equivalents of $8,856 million, way above its debt load (current portion) of $646 million. This indicates that the company has sufficient cash to meet its current debt obligations. Additionally, the company's current ratio was pegged at 1.60 at the end of the same period, higher than the industry's average of 1.29. This liquidity ratio measures a company's ability to pay short-term obligations.
The optimism surrounding the stock is evident from the Zacks Consensus Estimate for fiscal 2021 earnings being revised upward by 4.4% in the past 90 days. The same for fiscal 2022 earnings has been revised northward by 8.9%.
In light of the above-mentioned positives, we believe the time is rife for investors to add the FedEx stock to their portfolios, as is suggested by its Zacks Rank #2 (Buy).
Shares of C.H. Robinson, Expeditors and Covenant Logistics have rallied more than 20%, 59% and 66% in a year’s time, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Here's Why You Should Add FedEx (FDX) to Your Portfolio Now
FedEx Corporation (FDX - Free Report) is gaining significantly from the coronavirus-driven surge in e-commerce demand. Owing to residential delivery volume growth, the company’s Ground segment is witnessing a boom. Notably, revenues from the Ground unit jumped 37% year over year in the first nine months of fiscal 2021. With strong e-commerce demand here to stay, the segment is expected to continue its robust performance.
The company’s December 2020 acquisition of ShopRunner, a Chicago, IL-based e-commerce platform connecting online shoppers with their favorite merchants and brands, further bolsters its e-commerce offerings. ShopRunner operates as a subsidiary of FedEx Services. Additionally, the company’s acquisition of Cargex has strengthened its Latin American footprint.
FedEx’s measures to reward its shareholders are encouraging. Notably, its dividends have increased at a five-year CAGR of 26%.
FedEx Corporation Price and Consensus
FedEx Corporation price-consensus-chart | FedEx Corporation Quote
Moreover, the company’s solid cash position underlines its healthy financial prospects. FedEx exited the third quarter of fiscal 2021 with cash and cash equivalents of $8,856 million, way above its debt load (current portion) of $646 million. This indicates that the company has sufficient cash to meet its current debt obligations. Additionally, the company's current ratio was pegged at 1.60 at the end of the same period, higher than the industry's average of 1.29. This liquidity ratio measures a company's ability to pay short-term obligations.
The optimism surrounding the stock is evident from the Zacks Consensus Estimate for fiscal 2021 earnings being revised upward by 4.4% in the past 90 days. The same for fiscal 2022 earnings has been revised northward by 8.9%.
In light of the above-mentioned positives, we believe the time is rife for investors to add the FedEx stock to their portfolios, as is suggested by its Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the Zacks Transportation sector may also consider C.H. Robinson Worldwide (CHRW - Free Report) , Expeditors International of Washington (EXPD - Free Report) and Covenant Logistics Group (CVLG - Free Report) . While Expeditors and Covenant Logistics sport a Zacks Rank #1 (Strong Buy), C.H. Robinson carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of C.H. Robinson, Expeditors and Covenant Logistics have rallied more than 20%, 59% and 66% in a year’s time, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>