FedEx (NYSE:FDX) Reaches New 12-Month High – Here’s Why

FedEx Corporation (NYSE:FDX) hit a new 52-week high on Monday . The company traded as high as $391.27 and last traded at $389.16, with a volume of 1511650 shares trading hands. The stock had previously closed at $383.14.

Analyst Ratings Changes

Several research firms have commented on FDX. Stifel Nicolaus set a $412.00 target price on shares of FedEx in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $479.00 price objective on shares of FedEx in a research note on Friday, February 13th. Wolfe Research upped their target price on FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. BMO Capital Markets increased their price target on FedEx from $290.00 to $400.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group set a $364.00 price objective on FedEx and gave the stock a “buy” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $358.00.

FedEx Price Performance

The stock has a 50-day moving average of $321.56 and a two-hundred day moving average of $272.14. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The firm has a market cap of $90.22 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s payout ratio is 31.97%.

Institutional Investors Weigh In On FedEx

Hedge funds have recently bought and sold shares of the business. OneAscent Financial Services LLC increased its holdings in shares of FedEx by 1.7% in the 4th quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider’s stock valued at $491,000 after purchasing an additional 29 shares during the period. Arete Wealth Advisors LLC grew its position in FedEx by 1.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC grew its position in FedEx by 5.2% during the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock valued at $183,000 after purchasing an additional 31 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in FedEx by 11.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock valued at $84,000 after buying an additional 31 shares during the period. Finally, Legacy Bridge LLC lifted its position in FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after buying an additional 33 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

About FedEx

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.