5 Best Depressed Stocks To Invest In

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In this article, we will discuss the 5 depressed stocks to buy right now. If you want to read our comprehensive analysis of these companies, go directly to 11 Best Depressed Stocks To Invest In.

5. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 49

Share Price (as of January 4): $264.53

Share Price Decline Over The Last Six Months: 9%

FedEx Corporation (NYSE:FDX) is a global delivery and shipping giant and has been named as J.P Morgan’s top pick in the transportation and logistics sector for 2022. The firm’s analyst Brian Ossenbeck has an ‘Overweight’ rating on FedEx Corporation (NYSE:FDX) stock and a price target of $312. FedEx Corporation’s (NYSE:FDX) revenue has grown despite a challenging market, posting $23.50 billion in revenue for Q3 2021, which beat estimates by $1.08 billion. The company’s focus on e-commerce is expected to grow its projected revenue even further.

49 hedge funds reported owning FedEx Corporation (NYSE:FDX) shares at the end of the third quarter, down from 61 in the previous quarter. The company’s EPS for the third quarter was $4.83, exceeding consensus estimates by $0.54.


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