FedEx (NYSE:FDX) Reaches New 12-Month High – Should You Buy?

Shares of FedEx Corporation (NYSE:FDX) hit a new 52-week high during trading on Thursday . The stock traded as high as $402.40 and last traded at $402.7680, with a volume of 1094156 shares. The stock had previously closed at $388.59.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Industry-level bullishness: UPS’ upbeat earnings commentary was read as bullish for FedEx because it signals resilient parcel demand and pricing power across carriers. Why UPS’ earnings call was bullish for FedEx
• Positive Sentiment: Momentum/analyst focus: Coverage highlighting FedEx as a momentum stock and discussions about its logistics scale have increased investor interest after a strong multi?period share-price run, supporting continued buying. Here’s Why FedEx (FDX) is a Strong Momentum Stock
• Neutral Sentiment: Valuation debate: Commentary asks whether buying FDX after its large YTD and 12?month gains still offers value — useful for timing/position sizing but not new fundamental news. Is It Too Late To Consider FedEx (FDX) After Its Strong Share Price Run?
• Neutral Sentiment: Strategic / CSR items and partnerships (minor): FedEx appears as a backer in a private fund close (Ridgeline) and issued regional PR about helping customers as markets shift — immaterial to near?term earnings. Ridgeline Closes Oversubscribed Fund II
• Neutral Sentiment: Local franchising/news and generic PR are being published but are unlikely to move the stock. New Ownership of PostalAnnex in Waxhaw…
• Negative Sentiment: Tariff-refund risk: Multiple outlets report that after a Supreme Court decision, FedEx (and UPS) will remit collected import?tariff amounts back to customers — analysts estimate the total remittances could exceed several billion dollars. That could reduce cash receipts or force one?time refunds, creating a near?term hit to revenue/earnings or cash flows depending on accounting/timing. FedEx, UPS pledge to refund customers after Supreme Court tariff decision FedEx and UPS are pledging to give their tariff refunds back to consumers…

Analyst Ratings Changes

Several research analysts recently commented on the company. Stephens reaffirmed an “overweight” rating and issued a $435.00 target price on shares of FedEx in a research report on Tuesday, April 14th. Susquehanna raised their target price on FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a research report on Friday, March 20th. Truist Financial raised their target price on FedEx from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. UBS Group raised their target price on FedEx from $412.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Wells Fargo & Company raised their target price on FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $398.04.

FedEx Price Performance

The stock has a fifty day moving average of $370.54 and a 200-day moving average of $318.37. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $96.29 billion, a P/E ratio of 21.48, a PEG ratio of 1.47 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period in the previous year, the business posted $4.51 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts predict that FedEx Corporation will post 19.72 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 9th. FedEx’s payout ratio is currently 30.87%.

Insiders Place Their Bets

In related news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the sale, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its holdings in shares of FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of FedEx by 10.6% in the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after purchasing an additional 4,634 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after purchasing an additional 3,514 shares during the period. Savant Capital LLC grew its position in shares of FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after purchasing an additional 9,806 shares during the period. Finally, National Pension Service grew its position in shares of FedEx by 3.9% in the 3rd quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock valued at $149,356,000 after purchasing an additional 23,563 shares during the period. 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.