FedEx (NYSE:FDX) Reaches New 52-Week High – Time to Buy?

FedEx Corporation (NYSE:FDX) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $297.00 and last traded at $294.71, with a volume of 61620 shares. The stock had previously closed at $296.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FDX shares. TD Cowen upped their target price on FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, December 19th. BMO Capital Markets increased their price objective on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Daiwa Capital Markets raised their price objective on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Sanford C. Bernstein upped their target price on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Finally, Stephens raised their price target on shares of FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $298.92.

FedEx Stock Performance

The firm has a fifty day moving average of $270.36 and a 200 day moving average of $245.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market capitalization of $68.42 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.FedEx’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Institutional Investors Weigh In On FedEx

Hedge funds have recently modified their holdings of the company. AIA Group Ltd raised its holdings in FedEx by 151.7% in the 3rd quarter. AIA Group Ltd now owns 5,733 shares of the shipping service provider’s stock worth $1,352,000 after purchasing an additional 3,455 shares during the period. Saranac Partners Ltd purchased a new stake in shares of FedEx in the third quarter valued at approximately $183,000. Severin Investments LLC acquired a new position in shares of FedEx during the 3rd quarter worth approximately $354,000. Allworth Financial LP lifted its position in shares of FedEx by 9.0% during the 3rd quarter. Allworth Financial LP now owns 11,582 shares of the shipping service provider’s stock valued at $2,731,000 after buying an additional 961 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in FedEx by 14.9% in the 3rd quarter. IFP Advisors Inc now owns 2,564 shares of the shipping service provider’s stock valued at $605,000 after acquiring an additional 332 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.