FedEx Freight (NYSE:FDXF) Given New $149.00 Price Target at JPMorgan Chase & Co.

FedEx Freight (NYSE:FDXF) had its price target cut by JPMorgan Chase & Co. from $160.00 to $149.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Bank of America lowered their price target on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. The Goldman Sachs Group began coverage on FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective for the company. BMO Capital Markets lifted their price objective on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a report on Friday, June 26th. Sanford C. Bernstein assumed coverage on FedEx Freight in a research report on Thursday, September 10th. They set a “market perform” rating and a $133.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on FedEx Freight in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FedEx Freight has an average rating of “Moderate Buy” and a consensus price target of $168.00.

FedEx Freight Price Performance

Shares of FDXF opened at $111.64 on Monday. The company’s 50-day moving average is $130.47. FedEx Freight has a 52 week low of $107.67 and a 52 week high of $194.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FDXF. State Street Corp acquired a new stake in FedEx Freight during the second quarter valued at approximately $723,747,000. Maple Rock Capital Partners Inc. acquired a new position in shares of FedEx Freight in the 2nd quarter worth approximately $68,207,000. Allianz Asset Management GmbH acquired a new position in shares of FedEx Freight in the 2nd quarter worth approximately $50,888,000. National Pension Service bought a new position in shares of FedEx Freight during the 2nd quarter worth approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of FedEx Freight during the 2nd quarter worth approximately $19,666,000.

About FedEx Freight

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.