0836 ET - During the boom-then-bust cycle of the past five years for transportation companies, Fedex surprisingly had one of the more resilient earnings profiles while sporting one of the lowest equity valuation multiples, Deutsche Bank analysts say in a research note. Those conflicting dynamics support the notion that the stock is intrinsically mispriced, the analysts say. They had been expecting transportation companies with more earnings volatility to have the lowest multiples. But Fedex's operating profit growth from 2019 to 2024 was better than all but two names under the analysts' coverage, which were Saia and Old Dominion Freight Line. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 08:36 ET (12:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.