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
€248.45
0.440%
The stock is an absolute favorite of our community with 31 Buy predictions and no Sell predictions.
With a target price of 281 € there is a slightly positive potential of 13.1% for Fedex Corp. compared to the current price of 248.45 €.
