FedEx Freight Hldg Co (NYSE:FDXF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of FedEx Freight Hldg Co (NYSE:FDXF) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $177.90.

Several analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price target on the stock. Wall Street Zen upgraded shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective on the stock. Finally, Stephens began coverage on FedEx Freight in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 target price for the company.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $131.27 on Tuesday. The stock’s 50-day moving average is $149.05. FedEx Freight has a 12-month low of $130.25 and a 12-month high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.00 EPS for the quarter. On average, sell-side analysts forecast that FedEx Freight will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of FedEx Freight

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in FedEx Freight during the 2nd quarter worth about $44,000. United Community Bank bought a new position in shares of FedEx Freight in the 2nd quarter valued at about $46,000. Syntax Research Inc. bought a new position in shares of FedEx Freight in the 2nd quarter valued at about $64,000. First Bancorp Inc ME acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $80,000. Finally, Investors Research Corp acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $80,000.

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.