FedEx Freight Hldg Co (NYSE:FDXF) Given Average Recommendation of “Moderate Buy” by Analysts

FedEx Freight Hldg Co (NYSE:FDXF) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $177.90.

Several equities research analysts have recently commented on FDXF shares. Raymond James Financial assumed coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target for the company. BMO Capital Markets increased their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. The Goldman Sachs Group assumed coverage on shares of FedEx Freight in a report on Wednesday, July 1st. They set a “buy” rating and a $186.00 price objective on the stock. Wolfe Research initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, Bank of America initiated coverage on FedEx Freight in a report on Monday, June 1st. They set a “buy” rating and a $185.00 target price for the company.

FedEx Freight Stock Performance

Shares of FedEx Freight stock opened at $137.15 on Friday. FedEx Freight has a 12 month low of $135.64 and a 12 month high of $194.27. The company’s fifty day moving average price is $156.75.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter.

FedEx Freight Company Profile

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.