FedEx Freight (NYSE:FDXF) Sets New 12-Month Low – Should You Sell?

Shares of FedEx Freight Hldg Co (NYSE:FDXF) reached a new 52-week low on Monday. The company traded as low as $112.07 and last traded at $110.6360, with a volume of 18188 shares. The stock had previously closed at $113.18.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating for the company. Bank of America assumed coverage on shares of FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective on the stock. 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 report on Friday, June 26th. Wolfe Research assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $180.00 target price for the company. Finally, Raymond James Financial started coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FedEx Freight currently has an average rating of “Moderate Buy” and an average target price of $172.67.

FedEx Freight Stock Down 0.9%

The firm’s fifty day simple moving average is $135.33.

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, equities research analysts predict that FedEx Freight Hldg Co will post 4.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in shares of FedEx Freight during the 2nd quarter valued at approximately $44,000. United Community Bank bought a new position in FedEx Freight in the 2nd quarter valued at approximately $46,000. Syntax Research Inc. bought a new position in FedEx Freight in the 2nd quarter valued at approximately $64,000. MCF Advisors LLC acquired a new stake in FedEx Freight in the second quarter valued at approximately $65,000. Finally, First Bancorp Inc ME acquired a new stake in FedEx Freight in the second quarter valued at approximately $80,000.

FedEx Freight Company Profile

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.