FedEx (NYSE:FDX) Reaches New 52-Week High – What’s Next?

FedEx Corporation (NYSE:FDX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $297.62 and last traded at $296.1850, with a volume of 273052 shares. The stock had previously closed at $293.13.

Analysts Set New Price Targets

Several brokerages have recently commented on FDX. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Truist Financial increased their price target on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, December 19th. BMO Capital Markets boosted their price objective on shares of FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Citigroup boosted their price target on shares of FedEx from $310.00 to $327.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Daiwa Capital Markets upped their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average target price of $298.92.

FedEx Stock Up 1.6%

The firm has a market capitalization of $70.00 billion, a P/E ratio of 16.42, a PEG ratio of 1.46 and a beta of 1.35. The firm’s 50 day moving average is $273.41 and its two-hundred day moving average is $246.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23.

FedEx (NYSE:FDX) last announced its quarterly 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. 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 analysts’ expectations of $22.79 billion. During the same quarter last year, the company posted $4.05 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s payout ratio is 31.97%.

Hedge Funds Weigh In On FedEx

Institutional investors and hedge funds have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC bought a new position in shares of FedEx in the third quarter worth approximately $27,000. NewSquare Capital LLC increased its position in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in FedEx during the 2nd quarter worth approximately $28,000. Wealth Watch Advisors INC purchased a new position in shares of FedEx during the 3rd quarter valued at $28,000. Finally, Ameriflex Group Inc. lifted its position in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.