#2 - FedEx (NYSE:FDX)
I’ve liked FedEx (NYSE:FDX) all year. It’s one of the best plays on the e-commerce wave that’s swept the country. From overnight shipping to the last mile, the company has been seeing revenue and profits grow. And now, the company can add vaccine distribution to its quiver for investors.
But as we all know, a vaccine, while dispensing future hope, does little to mitigate our current conundrum immediately. That’s why Walmart is partnering with FedEx to anticipate what may arguably be a more popular activity than buying Christmas gifts…returning them.
How do you do this in a socially distant world? You offer customers a return service via FedEx in which customers can send back products without leaving their homes. For customers with access to a printer, it’s as simple as printing a label from Walmart’s website or app and scheduling your pickup. Customers without access to a printer can tap Drop Off at FedEx to receive a QR code that will be scanned once they reach their FedEx location.
The company has a P/E ratio of under 30, which suggests it’s trading at a value to the broader market.
About FedEx
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
Read More - Current Price
- $257.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $301.33 (17.1% Upside)
