FedEx is improving profitability slowly but surely from now to 2027. The DRIVE initiative is transforming operations, focusing on cost-cutting and efficiency. FedEx might be fairly valued and has the potential for capital appreciation if macroeconomic conditions hold.
In the closing of the recent trading day, FedEx (FDX) stood at $278.62, denoting a +0.18% change from the preceding trading day.
FedEx FDX -1.86%decrease; red down pointing triangle for years operated almost indistinguishable Ground and Express networks, their trucks sometimes delivering packages to the same doorstep within minutes of each other. Merging the two has revealed just how different the halves really were.
The latest trading day saw FedEx (FDX) settling at $297.83, representing a -1.46% change from its previous close.
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FedEx (FDX) reported earnings 30 days ago. What's next for the stock?
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FedEx is near all-time highs for several important financial metrics. The company has maintained profit margins despite lower delivery volumes.
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