TD Waterhouse Canada Inc. Takes $1.53 Million Position in FedEx Freight Hldg Co $FDXF

TD Waterhouse Canada Inc. purchased a new position in FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,815 shares of the company’s stock, valued at approximately $1,530,000.

Other institutional investors have also made changes to their positions in the company. United Community Bank acquired a new position in FedEx Freight in the 2nd quarter valued at approximately $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight during the 2nd quarter valued at $64,000. First Bancorp Inc ME purchased a new position in shares of FedEx Freight during the 2nd quarter valued at $80,000. Investors Research Corp purchased a new position in shares of FedEx Freight during the 2nd quarter valued at $80,000. Finally, Sumitomo Life Insurance Co. acquired a new position in shares of FedEx Freight in the second quarter worth $194,000.

FedEx Freight Trading Down 0.4%

Shares of NYSE FDXF opened at $128.93 on Wednesday. The firm’s 50-day moving average is $142.59. FedEx Freight Hldg Co has a 52 week low of $123.24 and a 52 week high of $194.27.

FedEx Freight (NYSE:FDXF) last posted its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Research analysts expect that FedEx Freight Hldg Co will post 5.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on FDXF shares. Wall Street Zen raised FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Jefferies Financial Group began coverage on FedEx Freight in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price on the stock. Citigroup initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Wolfe Research began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.27.

About FedEx Freight

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.