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FedEx Corporation stock (NYSE:FDX) fell on Friday, recording a seventh straight session of losses in which the stock price fell nearly 4%.
The delivery services giant fell 0.69% to $247.57 on Friday. Year-to-date, the FDX Index is down approximately 2.13%, underperforming the broader market S&P500 Index.
Looking at Seeking Alpha Quant’s rating, FDX maintained a rating of 3.29 out of 5. The company received an A+ for profitability and a D- for growth prospects. However, the stock has received a B rating on valuation, compared to a B rating six months ago.
Returning to the Wall Street community, approximately 20 sell-side analysts surveyed over the last 90 days rated FDX a Buy or higher. Meanwhile, another 10 analysts rate the company as Hold or lower.
Alpha’s prospecting analysts generally viewed FedEx as a lock. The Kody’s Dividends SA analyst recommended the company as a Buy, commenting: “FedEx’s interest coverage ratio through the first three quarters of fiscal 2024 suggests it is financially sound.”
