FedEx (NYSE:FDX) Hits New 12-Month High – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FDX shares. Morgan Stanley boosted their price target on shares of FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Friday, December 19th. Stephens upped their target price 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. Raymond James Financial increased their target price on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Wells Fargo & Company boosted their price target on FedEx from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $298.92.

FedEx Stock Performance

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 capitalization of $69.14 billion, a PE ratio of 16.21, a PEG ratio of 1.48 and a beta of 1.32. The stock’s 50 day moving average price is $268.34 and its two-hundred day moving average price is $244.12.

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

FedEx Dividend Announcement

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

Institutional Trading of FedEx

A number of hedge funds have recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new position in FedEx in the 3rd quarter valued at $27,000. NewSquare Capital LLC grew its position in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx in the second quarter valued at $28,000. Wealth Watch Advisors INC acquired a new position in FedEx in the third quarter valued at $28,000. Finally, Ameriflex Group Inc. lifted its position in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.