Here's How FedEx Corporation Crushed It in 2017
It's been another good year for investors in FedEx Corporation (NYSE: FDX). The stock's near 24% rise this year is significantly ahead of the 18% increase of the S&P 500 and key rival United Parcel Service's (NYSE: UPS) rise of merely 5%. Let's take a look at FedEx's 2017 and why the market has taken a positive view of the package delivery company's prospects.
Image source: FedEx Corporation.
Fedex's stock price performance is all the more notable given that it was a major victim of the NotPetya malware earlier in the summer. FedEx's TNT Express, a business acquired in 2016, has operations in Ukraine -- the originating country of the malware -- and TNT's worldwide systems quickly became infected. The impact on FedEx's first quarter from TNT's problems was significant, with TNT losing its parent company some $300 million in income.
Source: Fool.com
Fedex Corp. Stock
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 293 € there is a slightly positive potential of 13.81% for Fedex Corp. compared to the current price of 257.45 €.
