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FedEx Stock Is So Cheap That Now Amazon Really Should Buy the Company, Analyst Says
Loop Capital Markets analyst Anthony Chukumba, who has a Buy rating and a $2,200 price target on Amazon stock, on Tuesday wrote that if the tech and retail giant wants to become a shipping giant too, buying into the business could be a cost-effective way to do so.
It’s an argument Chukumba has made before—and Barron’s has covered. His latest take, however, puts things in the context of current valuations.
“FedEx is inexpensive at 10.6x and 6.5x forward price-to-earnings and enterprise value to earnings before interest, taxes, depreciation and amortization multiples, respectively,” Chukumba wrote. “Amazon could make an accretive acquisition of the best global network for a fraction of the cost of building it themselves.”
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https://www.barrons.com/articles/fedex-s...d=hp_DAY_4
![[Bild: FDXc1dl0453.png]](https://finviz.com/publish/013019/FDXc1dl0453.png)
Loop Capital Markets analyst Anthony Chukumba, who has a Buy rating and a $2,200 price target on Amazon stock, on Tuesday wrote that if the tech and retail giant wants to become a shipping giant too, buying into the business could be a cost-effective way to do so.
It’s an argument Chukumba has made before—and Barron’s has covered. His latest take, however, puts things in the context of current valuations.
“FedEx is inexpensive at 10.6x and 6.5x forward price-to-earnings and enterprise value to earnings before interest, taxes, depreciation and amortization multiples, respectively,” Chukumba wrote. “Amazon could make an accretive acquisition of the best global network for a fraction of the cost of building it themselves.”
...
https://www.barrons.com/articles/fedex-s...d=hp_DAY_4
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