Market Update: FedEx Corporation (NYSE:FDX) – repeat-U.S. prosecutors launch review of failed FedEx drug case

[Reuters] – SAN FRANCISCO/WASHINGTON, July 15 (Reuters) – The U.S. Department of Justice has begun a rare internal examination of what went wrong in the prosecution of a controversial drug conspiracy case against delivery service Federal Express , the department’s top prosecutor in San Francisco told Reuters. The review plays into a broader debate about how the government prosecutes suspected corporate wrongdoing and could influence its approach to such cases in the future. Prosecutors obtained a grand jury indictment against FedEx in 2014 on charges the courier service had knowingly helped Internet pharmacies ship illegal pills. Read more on this. , valued at $recting to http://finance.ya, finished yesterday at $. Today, shares have traded between $ per share and has traded between $ over the past year. FDX shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 0 sell-side analysts are looking at $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $, which would be a $0.00 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, d FDX from to (/fi). Previously, d FDX from to . Investors should keep in mind is that the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:FDX) Similar Articles: Market Update (NYSE:FDX): FedEx Office Headquarters Features Four-Story Mosaic By Dallas’ Own Award-Winning Artist Sonia King Company Update: FedEx Corporation (NYSE:FDX) – Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express Company Update: FedEx Corporation (NYSE:FDX) – Air Delivery & Freight Services Equities Technical Updates — United Parcel Service, FedEx, Expeditors International of Washington, and XPO Logistics