NYSE:FDXLogistics
FedEx (FDX) Could Be 10% Undervalued After Shelf Filing And Strong Quarter
FedEx files new shelf registration after strong quarter
FedEx (FDX) has filed an omnibus shelf registration for common stock and debt securities shortly after reporting better than expected fourth quarter results, putting fresh attention on the company’s future funding and capital plans.
See our latest analysis for FedEx.
FedEx’s recent shelf registration comes after a period where short term share price momentum has cooled, with the stock down 18.8% over 90 days. However, the 1 year total...