Does FDX Stock's Lower Valuation Present a Smart Buying Opportunity?

FedEx Corporation (FDX) , the Memphis, TN-based parcel delivery heavyweight, looks highly attractive from a valuation standpoint. With a forward price-to-sales (P/S) ratio of 0.56, FDX stock trades at a discount to the Zacks Transportation—Air Freight and Cargo industry, the S&P 500 and its rival United Parcel Service (UPS) . FDX’s P/S F12M Vs. Industry, S&P 500 & UPSImage Source: Zacks Investment ResearchFDX currently has a Value Score of A.Now, the question is whether it is worth buying the stock at curre ...