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

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

Analysts Set New Price Targets

Several research firms recently commented on FDX. TD Cowen restated a “buy” rating on shares of FedEx in a research report on Friday, December 19th. HSBC lifted their price objective on shares of FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a research note on Friday, December 19th. Truist Financial increased their target price on shares of FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $303.86.

FedEx Stock Up 0.7%

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 $75.77 billion, a P/E ratio of 17.77, a PEG ratio of 1.61 and a beta of 1.35. The stock’s fifty day moving average is $293.61 and its two-hundred day moving average is $257.01.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. The company 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%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.8%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. Ulland Investment Advisors LLC acquired a new position in FedEx in the 4th quarter worth approximately $29,000. ORG Partners LLC lifted its holdings in shares of FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of FedEx in the fourth quarter worth $31,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of FedEx during the third quarter valued at $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of FedEx during the second quarter valued at $28,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.