Why FedEx Stock Delivered for Investors in March
(NYSE: FDX) reported a solid quarter despite a difficult operating environment, and its shares were in the fast lane as a result. Shares of FedEx climbed 16.4% in March, according to data provided by S&P Global Market Intelligence, on signs that the company's streamlining plan is on track.
It is a tough time to be a shipping company. A combination of higher costs and slowing demand due to concerns about the economy has crimped results and sent shareholders fleeing from FedEx shares in 2023.
But FedEx is not standing still as the macro economy takes its toll. The company is working on ways to shed billions in annual costs via better asset utilization and targeted layoffs.
Source Fool.com
Fedex Corp. Stock
€282.40
0.070%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 295 € there is a slightly positive potential of 4.46% for Fedex Corp. compared to the current price of 282.4 €.
