FedEx (NYSE:FDX) Reaches New 52-Week High on Analyst Upgrade

FedEx Corporation (NYSE:FDX) hit a new 52-week high during mid-day trading on Monday after Raymond James Financial raised their price target on the stock from $255.00 to $305.00. Raymond James Financial currently has an outperform rating on the stock. FedEx traded as high as $292.16 and last traded at $287.44, with a volume of 224297 shares changing hands. The stock had previously closed at $288.78.

Several other brokerages have also recently commented on FDX. Stifel Nicolaus set a $328.00 target price on shares of FedEx in a research report on Friday. Morgan Stanley lifted their price objective on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Friday. Evercore ISI upped their price objective on FedEx from $275.00 to $288.00 in a report on Friday. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday. Finally, Daiwa Capital Markets boosted their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $299.12.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently modified their holdings of the business. AIA Group Ltd raised its holdings in FedEx by 151.7% during the 3rd quarter. AIA Group Ltd now owns 5,733 shares of the shipping service provider’s stock worth $1,352,000 after buying an additional 3,455 shares during the period. Saranac Partners Ltd bought a new stake in shares of FedEx during the third quarter worth $183,000. Severin Investments LLC acquired a new stake in shares of FedEx during the third quarter worth $354,000. Allworth Financial LP raised its holdings in shares of FedEx by 9.0% during the third quarter. Allworth Financial LP now owns 11,582 shares of the shipping service provider’s stock worth $2,731,000 after acquiring an additional 961 shares during the period. Finally, IFP Advisors Inc lifted its position in FedEx by 14.9% in the 3rd quarter. IFP Advisors Inc now owns 2,564 shares of the shipping service provider’s stock valued at $605,000 after acquiring an additional 332 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

The stock has a market capitalization of $68.77 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. 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 stock’s 50 day moving average is $263.59 and its two-hundred day moving average is $242.08.

FedEx (NYSE:FDX) last released 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 firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

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.