FedEx Gives Boeing a Deferral

After FedEx’s (NYSE:FDX) agreement to buy 27 Boeing (NYSE:BA) 767s to upgrade its fleet, the company opts to delay the delivery of 11 777Fs. In an earnings conference call, FedEx CEO Fred Smith notes that the deferrals will help the company “balance” overall international volume, while not affecting its ability to meet projected growth targets through FY18.

Here’s how these two stocks are trading now:

FedEx Corporation (NYSE:FDX): FDX shares recently traded at $84.89, up $1.42, or 1.7%. They have traded in a 52-week range of $64.07 to $98.66. Volume today was 3,764,584 shares versus a 3-month average volume of 3,015,610 shares. The company’s trailing P/E is 17.57, while trailing earnings are $4.83 per share. Get the most recent company news and stock data here >>

Boeing Co. (NYSE:BA): BA shares recently traded at $71.18, up $0.57, or 0.81%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 6,017,683 shares versus a 3-month average volume of 5,982,700 shares. The company’s trailing P/E is 14.08, while trailing earnings are $5.05 per share. Get the most recent company news and stock data here >>