Here comes FedEx... (FDX) | Pulse Nigeria

• Adjusted earnings per share (EPS): $3.10.
• Revenue: $17.6 billion.

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FedEx's relatively low valuation has gained some attention recently as investors "debate the company's path forward on earnings," said Barclays analyst Brandon Oglenski in a note to clients sent out on Monday.

Shares are currently trading at 10 times forward earnings, versus the S&P 500's ratio of just over 16 times. In other words, the stock may be viewed as cheap relative to the broader market.

"While we agree valuation is tempting, management will have to provide a clearer picture for improving European results while also dealing with slower global demand and a likely higher capital spending outlook," Oglenski wrote.

Now read more FedEx coverage from Business Insider:

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