If you’re shopping for shipping stocks, one company stands out to a “Fast Money” analyst: FedEx.
Urs Dur , SVP and senior analyst at Lazard Capital Markets, on Wednesday said he liked the company’s international exposure and growth, along with strong holiday ecommerce positioning .
“We do see good trade globally,” he said. “It doesn’t look recessionary right now at all if you look at the pure numbers.”
Dur said FedEx’s valuation was historically low from the perspective of a “very traditional” EPS and EBITDA.
Ahead of its Thursday earnings call, FedEx shares closed down 2.1 percent at $77.29.
Dur, who set a target price of $100 for Fedex, said other stocks to watch included:
Trader Brian Kelly said he also liked Golar on a pull-back because it’s in an industry that is growing.Page 1 of 4 | Next Page