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)
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