FREIGHTWAYS is slightly downgraded to Slightly Positive due to an increasingly adverse environment
The independent financial analyst theScreener just slightly lowered the general evaluation of FREIGHTWAYS (NZ), active in the Transportation Services industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date January 11, 2022, the closing price was NZD 12.95 and its potential was estimated at NZD 13.86.Freightways is engaged in the express package, business mail and information management industries. Co. and its subsidiaries are organized into three business segments. The Express package and business mail segment comprises network courier, point-to-point courier and postal services. The Information management segment comprises secure paper-based and electronic business information management services. The Corporate and other segment comprises corporate, financing and property management services. Co. also manages its road and air linehaul requirements through the Parceline Express and Fieldair businesses.
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