FedEx (NYSE:FDX) Sets New 12-Month High – Should You Buy?

FedEx Corporation (NYSE:FDX)’s share price reached a new 52-week high on Thursday . The stock traded as high as $319.84 and last traded at $315.0360, with a volume of 223468 shares traded. The stock had previously closed at $314.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James Financial upped their target price on FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Barclays boosted their price objective on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wolfe Research set a $355.00 target price on shares of FedEx in a research note on Wednesday, January 21st. Bank of America raised shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price target for the company in a research note on Friday, January 9th. Finally, Susquehanna decreased their price target on shares of FedEx from $345.00 to $340.00 in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $303.86.

FedEx Stock Performance

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 company has a 50 day simple moving average of $291.43 and a 200-day simple moving average of $255.96. The firm has a market cap of $74.59 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio is presently 31.97%.

Institutional Investors Weigh In On FedEx

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the period. Empowered Funds LLC boosted its position in FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares during the period. Sivia Capital Partners LLC bought a new stake in FedEx in the 2nd quarter worth $586,000. GC Wealth Management RIA LLC purchased a new position in shares of FedEx in the second quarter valued at about $361,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of FedEx by 8.1% during the second quarter. Janney Montgomery Scott LLC now owns 93,348 shares of the shipping service provider’s stock valued at $21,219,000 after acquiring an additional 7,004 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

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.