According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best freight stocks to buy right now are:
1. Pitney Bowes (NYSE:PBI)
Pitney Bowes (NYSE:PBI) is the #1 top logistic stock out of 28 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Pitney Bowes (NYSE:PBI) is: Value: B, Growth: C, Momentum: B, Sentiment: B, Safety: B, Financials: C, and AI: C.
Pitney Bowes (NYSE:PBI) has a Due Diligence Score of 9, which is -20 points lower than the logistic industry average of 29. Although this number is below the industry average, our proven quant model rates PBI as a "A".
PBI passed 3 out of 38 due diligence checks and has weak fundamentals. Pitney Bowes has seen its stock return 106.43% over the past year, overperforming other logistic stocks by 121 percentage points.
2. Radiant Logistics (NYSEMKT:RLGT)
The Component Grade breakdown for Radiant Logistics (NYSEMKT:RLGT) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: A.
Radiant Logistics (NYSEMKT:RLGT) has a Due Diligence Score of 39, which is 10 points higher than the logistic industry average of 29.
RLGT passed 12 out of 33 due diligence checks and has average fundamentals. Radiant Logistics has seen its stock return 11.24% over the past year, overperforming other logistic stocks by 26 percentage points.
3. Fedex (NYSE:FDX)
Fedex (NYSE:FDX) is the #3 top logistic stock out of 28 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year.
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The Component Grade breakdown for Fedex (NYSE:FDX) is: Value: B, Growth: C, Momentum: D, Sentiment: D, Safety: B, Financials: C, and AI: B.
Fedex (NYSE:FDX) has a Due Diligence Score of 45, which is 16 points higher than the logistic industry average of 29.
FDX passed 15 out of 38 due diligence checks and has strong fundamentals. Fedex has seen its stock lose -9.74% over the past year, overperforming other logistic stocks by 5 percentage points.
Fedex has an average 1 year
price target of $278.71, an upside of 24.22% from Fedex's current stock price of $224.38.
Fedex stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Fedex, 64.29% have issued a Strong Buy rating, 7.14% have issued a Buy, 21.43% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.